dollarization

[ dol-er-uh-zey-shuh n ]
/ ˌdɒl ər əˈzeɪ ʃən /

noun

the conversion of a country's currency system into U.S. dollars.

Origin of dollarization

First recorded in 1985–90

British Dictionary definitions for dollarization

dollarization

dollarisation

/ (ˌdɒləraɪˈzeɪʃən) /

noun

the process of converting a country's currency to US dollars