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Dollarization

Dollarization Definition

Dollarization takes place whenever a particular country adopts the use of a foreign currency as a legal tender in lieu of the domestic currency. It is either official or unofficial. Dollarization is practiced because the foreign currency is said to be more stable.


Additional meaning of Dollarization:

The foreign currency is not only limited to the US Dollar.


RELATED TERMS
Dollar
RELATED CATEGORIES
International




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