How to Use dollarization in a Sentence

dollarization

noun
Definition of dollarizationnext
  • Why did El Salvador go through the process of dollarization then?
    — Roger Huang, Forbes, 27 June 2021
  • The result of the de-facto dollarization has been a devil’s bargain: Shelves are fuller than Venezuela has seen for months, but with prices that are out of reach for the vast majority of poor Venezuelans.
    — Washington Post, 29 Aug. 2017
  • Second, most stablecoins are U.S. centric in a time when much of the world is looking for opportunities to avoid the pitfalls of hyper-dollarization.
    — Tatiana Koffman, Forbes, 11 Oct. 2021
  • The reality is that seigniorage was lost long ago as a result of spontaneous dollarization.
    — Emilio Ocampo, National Review, 18 Oct. 2023
  • The central bank is hoping to curb price growth by taking measures to encourage de-dollarization, though each wave of lira weakness has only pushed Turks to buy the U.S. currency as a safe haven and store of value.
    — Time, 3 Feb. 2022
  • Thanks to dollarization and low inflation, 25-year variable mortgages are available at 7%.
    — Steve H. Hanke and Manuel Hinds, WSJ, 22 June 2021
  • To ensure success, the peso-dollar exchange rate employed in the dollarization process should be set at a level that undervalues the defunct peso.
    — Steve H. Hanke and John Greenwood, WSJ, 26 Sep. 2018
  • Falcon’s dollarization plan has appeared to hit a nerve with the country’s impoverished people.
    — Rachelle Krygier, Washington Post, 23 Mar. 2018
  • On Monday, Bloomberg broke the news that Venezuela’s president Maduro is inching toward official dollarization.
    — Andrew Stuttaford, National Review, 21 Nov. 2020
  • But polls show that fewer than half of Argentines think dollarization is feasible or even desirable.
    — Whitney Eulich, The Christian Science Monitor, 8 Dec. 2023
  • Russia’s central bank sold or moved most of its U.S. Treasurys last year, official data shows, as part of an overt de-dollarization policy that includes closer links to China.
    — Saumya Vaishampayan, WSJ, 20 Jan. 2019
  • Turkey—should turn to currency boards or dollarization.
    — The Editorial Board, WSJ, 13 Sep. 2018
  • Many people felt that dollarization, much like Bitcoin today, was also a process that was without consultation.
    — Daniel Alvarenga, Rolling Stone, 26 Aug. 2022
  • Under his dollarization plan, Argentineans would eventually have to swap all of their pesos for dollars.
    — John Cassidy, The New Yorker, 21 Nov. 2023
  • But dollarization has made El Salvador more vulnerable to external shocks, like the Covid-19 pandemic, which led to an economic contraction of about 9% last year.
    — Santiago Pérez, WSJ, 9 June 2021
  • But full and formal dollarization would push the economy into whole new territory.
    — Anna Cooban, CNN, 23 Oct. 2023
  • His proposals for dollarization have sent Argentines rushing to shed their pesos, causing the currency’s value to plunge.
    — David Feliba, Washington Post, 19 Nov. 2023
  • The process by which a nation replaces its unstable or devalued currency with de facto U.S. dollars is called dollarization.
    — Caroline Delbert, Popular Mechanics, 5 Nov. 2019
  • But socialist President Nicolas Maduro has eased controls on the private sector and allowed for a non-official dollarization.
    — Nicolle Yapur, Bloomberg.com, 14 June 2022
  • De-dollarization – Perhaps most pointedly is the fact that monetary and fiscal policy steps occurring the United States do not occur in a vacuum.
    — Sean Stein Smith, Forbes, 8 June 2021
  • Venezuela’s dollarization presents a historic opportunity for the United States.
    — Jon Hartley, National Review, 27 Oct. 2021
  • The New York Times reported on Zimbabwe’s dollarization in 2012, specifically the wrinkle that while paper bills may travel easily between countries, bulky coins do not.
    — Caroline Delbert, Popular Mechanics, 5 Nov. 2019
  • Quito investment banker Ramiro Crespo recommends dollarization for Venezuela, comparing it to gun control.
    — John Otis and, WSJ, 27 Mar. 2018
  • The government has been trying to curb re-dollarization of the economy and apparently to tame growing pressure from workers’ unions demanding salary payments in foreign currency.
    — Tawanda Karombo, Quartz Africa, 10 July 2019
  • The public sector is starved for dollars because of mismanagement, but the private sector has an ample supply that would be more readily forthcoming under dollarization.
    — Steve H. Hanke, National Review, 15 Nov. 2023
  • The silver lining of this crisis is that hyperinflation and the cash shortage precipitated a spontaneous dollarization of the economy.
    — Jon Hartley, National Review, 27 Oct. 2021
  • The silver lining of this crisis is that hyperinflation and the cash shortage precipitated a spontaneous dollarization of the economy . . .
    — Andrew Stuttaford, National Review, 30 Oct. 2021
  • A similar process of spirit-world dollarization has been documented in neighboring Vietnam, which also saw an influx of dollars in the 1990s, although the government there has been much more successful in eliminating them.
    — Julia Wallace, New York Times, 8 Apr. 2016
  • Maduro’s de facto dollarization of the economy this year allowed many public employees in Venezuela to supplement their official salaries in nearly worthless local currency by charging in dollars for their services.
    — BostonGlobe.com, 1 Dec. 2019
  • Erdogan’s drive for ever-lower borrowing costs eroded Turks’ confidence in their own currency, fueling a steady dollarization of the economy.
    — Cagan Koc, Bloomberg.com, 10 May 2020

Some of these examples are programmatically compiled from various online sources to illustrate current usage of the word 'dollarization.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Last Updated: