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Concept information

Preferred term

dollarization  

Definition(s)

  • Official dollarization refers to the practice by some countries of using the U.S. dollar as their official currency. In such a system, there is no central bank, no independent monetary policy, and no independent exchange rate. [Source: Encyclopedia of Business in Today's World; Dollarization]

Broader concept(s)

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-CXBXGRDW-W

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