Terms Beginning With 'd'

Dollarization

  • January 15, 2020
  • Team Kalkine

An economic phenomenon, which involves the use of the U.S. dollar instead of or in addition to the domestic currency of the other country, is referred to as Dollarization. This phenomenon primarily happens due to the popular belief that the American dollar is more secure/stable than other currencies. Dollarization generally occurs in emerging countries with a weak central bank or a volatile economic environment.

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