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Dollarization

Dollarization is the use of a foreign currency, typically the U. S. Continue Reading Below

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About Dollarization

Dollarization is the use of a foreign currency, typically the U.S. dollar, as the primary currency in a country, either in place of or alongside the domestic currency. Dollarization may be adopted voluntarily by a country as a way to stabilize its currency or may occur spontaneously in response to economic or political instability.