Dollarize
Definition, Meaning & Examples
Part of speech verb
Quick meaning: Dollarize is a verb meaning (intransitive) To undergo dollarization; to start using the dollar as currency.
Meaning
(intransitive) To undergo dollarization; to start using the dollar as currency.
More Meanings
- (transitive) To convert to dollars.
Example Sentences
That trust lies in right-wing libertarian President Javier Milei, who came to office last December on a promise of turning Argentina’s economy around by drastically reducing government payouts, slashing the size of the state, and dollarizing the economy.
To dollarize its economy, Argentina would need to exchange all pesos held by its people and businesses for US dollars, and assign a dollar value to all of its assets and contracts. […] Economists at Capital Economics wrote in an August note that dollarized countries El Salvador, Panama and Ecuador show “markedly lower inflation than elsewhere in the region.”
Word Forms
- dollarizes
- dollarizing
- dollarized
- dollarise
Related Words
Related dictionary entries include dollarise, euroize, monetarize, monetarise, monetize, monitorize.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.