Cuba wants to slow down the dollarization of its currency.
Source: tatoeba (10987475)
Dollarization
/dɑləɹɪˈzeɪ̯ʃɪn/
Synonyms for "dollarization"
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Sample sentences
4 total sentences available.
“Many emerging-market economies have tried a number of technical devices: the fixed rate peg, varieties of crawling peg, currency boards and even dollarization,” Mr. Greenspan said in a recent speech. “The success has been mixed. Where successful, they have been backed by sound policies.”
Source: wiktionary
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.
Source: wiktionary
But dollarization is not a panacea for Argentina’s crisis-stricken economy, analysts say.
Source: wiktionary