dollarization

IPA(Pronunciation)

/dɑlɝɪˈzeɪ̯ʃɪn/

Noun

uncountable

(economics) The process of a country, officially, or its residents, unofficially, adopting the US dollar or other foreign currency in parallel to or instead of the domestic currency.

Japanese Meaning

ドル化：国家や地域が国内通貨に加えて、または国内通貨の代わりに、米ドルやその他外国通貨を公式または非公式に採用する現象・プロセス

What is this buttons?

Many economists warn that rapid dollarization could undermine monetary policy and limit the central bank's ability to control inflation.

Google Translation / DeepL Translation

多くの経済学者は、急速なドル化が金融政策を弱体化させ、中央銀行のインフレ抑制能力を制限する可能性があると警告している。

Details

Sense（1）

(economics) The process of a country, officially, or its residents, unofficially, adopting the US dollar or other foreign currency in parallel to or instead of the domestic currency.

Making dollarisation work requires structural reform, something President Noboa has failed to achieve. Ecuador's businesses are struggling against high costs. The public finances face a shortfall. A new agreement with the IMF has proved elusive. Neither candidate says he would scrap the dollar, but neither says much about reform.

Google Translation / DeepL Translation

Details

dollarization

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