Making dollarisation work requires structural reform, something President Noboa has failed to achieve. Ecuadors 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.
Wikipedia foundation.
dollarization — dol‧lar‧i‧za‧tion [ˌdɒləraɪˈzeɪʆn ǁ ˌdɑːlərə ] also dollarisation noun [uncountable] ECONOMICS 1. when people in countries outside the US prefer to use the dollar, rather than their country s own currency: • High inflation has led many Russians… … Financial and business terms
dollarization — (Amer.) n. use of U.S. dollars by a country as its official currency (also dollarisation) … English contemporary dictionary
Dollarization — Worldwide use of the U.S. dollar and the euro: United States … Wikipedia
Dollarization — A situation where the citizens of a country officially or unofficially use a foreign country s currency as legal tender for conducting transactions. The main reason for dollarization is because of greater stability in the value of the foreign… … Investment dictionary
dollarization — The adoption by a country of the US dollar in place of its own currency, usually as a means of controlling inflation and interest rate volatility. Partial dollarization is said to occur when a country gives the US dollar equal status to its own… … Accounting dictionary
dollarization — The adoption by a country of the US dollar in place of its own currency, usually as a means of controlling inflation and interest rate volatility. Partial dollarization is said to occur when a country gives the US dollar equal status to its own… … Big dictionary of business and management
Dollarization: Is It Worth It? — ▪ 2002 Introduction by Guillermo A. Calvo By mid 2001 a number of Latin American countries had officially adopted the U.S. dollar as their currency. Ecuador replaced its sucre with the dollar in September 2000. On Jan. 1, 2001, El Salvador… … Universalium
dollarization — noun Date: 1982 the adoption of the United States dollar as a country s official national currency • dollarize verb … New Collegiate Dictionary
dollarization — /dol euhr euh zay sheuhn/, n. the conversion of a country s currency system into U.S. dollars. [1985 90] * * * … Universalium
dollarization — dol|lar|i|za|tion [ˌdɔləraıˈzeıʃən US rə ] n [U] technical a situation in which countries outside the US want to use the dollar rather than their own country s money … Dictionary of contemporary English
