dolarización

dollarisation

noun doh-lah-ree-sah-SYON Rare

Usage Note

Dolarización is the economic process by which a country adopts the US dollar as its main or sole currency, formally or informally; Ecuador and El Salvador are well-known cases. The verb is dolarizar, and the term belongs to economics and political journalism. Like all Spanish nouns ending in -ción, it is feminine.

Examples

"La dolarización estabilizó la economía del país."

Natural Translation

Dollarisation stabilised the country's economy.

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