What does "dollarize" mean?
To undergo dollarization; to start using the dollar as currency.
Dollarize
verb
verb ·Rare ·Advanced level
Meaning at a glance
- Primary sense: To undergo dollarization; to start using the dollar as currency.
- Grammar: dollarize is listed as verb.
- Usage evidence: To dollarize its economy, Argentina would need to exchange all pesos held by its people and businesses for US dollars, and assign a dollar value to all of its assets and contracts. […] Economists at Capital Economics wrote in an August note that dollarized countries El Salvador, Panama and Ecuador show “markedly lower inflation than elsewhere in the region.”
How to use "dollarize"
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Meaning check
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Source and review context
This entry combines structured lexical data with WordToolSet review checks. Definitions, examples, synonyms, and usage notes may come from different source tables, so the page is designed to show evidence from more than one angle before you rely on "dollarize" in a final draft.
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Before you rely on this definition
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Definition decision workflow
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Definitions
Verb
- 1 To undergo dollarization; to start using the dollar as currency. intransitive
"To dollarize its economy, Argentina would need to exchange all pesos held by its people and businesses for US dollars, and assign a dollar value to all of its assets and contracts. […] Economists at Capital Economics wrote in an August note that dollarized countries El Salvador, Panama and Ecuador show “markedly lower inflation than elsewhere in the region.”"
- 2 To convert to dollars. transitive
Example
"To dollarize its economy, Argentina would need to exchange all pesos held by its people and businesses for US dollars, and assign a dollar value to all of its assets and contracts. […] Economists at Capital Economics wrote in an August note that dollarized countries El Salvador, Panama and Ecuador show “markedly lower inflation than elsewhere in the region.”"
Common questions
How do you use "dollarize" in a sentence?
To dollarize its economy, Argentina would need to exchange all pesos held by its people and businesses for US dollars, and assign a dollar value to all of its assets and contracts. […] Economists at Capital Economics wrote in an August note that dollarized countries El Salvador, Panama and Ecuador show “markedly lower inflation than elsewhere in the region.”
Etymology
From dollar + -ize.