How to Use dollarization in a Sentence

dollarization

noun

• Why did El Salvador go through the process of dollarization then?
  — Roger Huang, Forbes, 27 June 2021
• The result of the de-facto dollarization has been a devil’s bargain: Shelves are fuller than Venezuela has seen for months, but with prices that are out of reach for the vast majority of poor Venezuelans.
  — Washington Post, 29 Aug. 2017
• Second, most stablecoins are U.S. centric in a time when much of the world is looking for opportunities to avoid the pitfalls of hyper-dollarization.
  — Tatiana Koffman, Forbes, 11 Oct. 2021
• The reality is that seigniorage was lost long ago as a result of spontaneous dollarization.
  — Emilio Ocampo, National Review, 18 Oct. 2023
• The central bank is hoping to curb price growth by taking measures to encourage de-dollarization, though each wave of lira weakness has only pushed Turks to buy the U.S. currency as a safe haven and store of value.
  — Time, 3 Feb. 2022
• Thanks to dollarization and low inflation, 25-year variable mortgages are available at 7%.
  — Steve H. Hanke and Manuel Hinds, WSJ, 22 June 2021
• To ensure success, the peso-dollar exchange rate employed in the dollarization process should be set at a level that undervalues the defunct peso.
  — Steve H. Hanke and John Greenwood, WSJ, 26 Sep. 2018
• Falcon’s dollarization plan has appeared to hit a nerve with the country’s impoverished people.
  — Rachelle Krygier, Washington Post, 23 Mar. 2018
• On Monday, Bloomberg broke the news that Venezuela’s president Maduro is inching toward official dollarization.
  — Andrew Stuttaford, National Review, 21 Nov. 2020
• But polls show that fewer than half of Argentines think dollarization is feasible or even desirable.
  — Whitney Eulich, The Christian Science Monitor, 8 Dec. 2023
• Russia’s central bank sold or moved most of its U.S. Treasurys last year, official data shows, as part of an overt de-dollarization policy that includes closer links to China.
  — Saumya Vaishampayan, WSJ, 20 Jan. 2019
• Turkey—should turn to currency boards or dollarization.
  — The Editorial Board, WSJ, 13 Sep. 2018
• Many people felt that dollarization, much like Bitcoin today, was also a process that was without consultation.
  — Daniel Alvarenga, Rolling Stone, 26 Aug. 2022
• Under his dollarization plan, Argentineans would eventually have to swap all of their pesos for dollars.
  — John Cassidy, The New Yorker, 21 Nov. 2023
• But dollarization has made El Salvador more vulnerable to external shocks, like the Covid-19 pandemic, which led to an economic contraction of about 9% last year.
  — Santiago Pérez, WSJ, 9 June 2021
• But full and formal dollarization would push the economy into whole new territory.
  — Anna Cooban, CNN, 23 Oct. 2023
• His proposals for dollarization have sent Argentines rushing to shed their pesos, causing the currency’s value to plunge.
  — David Feliba, Washington Post, 19 Nov. 2023
• The process by which a nation replaces its unstable or devalued currency with de facto U.S. dollars is called dollarization.
  — Caroline Delbert, Popular Mechanics, 5 Nov. 2019
• But socialist President Nicolas Maduro has eased controls on the private sector and allowed for a non-official dollarization.
  — Nicolle Yapur, Bloomberg.com, 14 June 2022
• De-dollarization – Perhaps most pointedly is the fact that monetary and fiscal policy steps occurring the United States do not occur in a vacuum.
  — Sean Stein Smith, Forbes, 8 June 2021
• Venezuela’s dollarization presents a historic opportunity for the United States.
  — Jon Hartley, National Review, 27 Oct. 2021
• The New York Times reported on Zimbabwe’s dollarization in 2012, specifically the wrinkle that while paper bills may travel easily between countries, bulky coins do not.
  — Caroline Delbert, Popular Mechanics, 5 Nov. 2019
• Quito investment banker Ramiro Crespo recommends dollarization for Venezuela, comparing it to gun control.
  — John Otis and, WSJ, 27 Mar. 2018
• The government has been trying to curb re-dollarization of the economy and apparently to tame growing pressure from workers’ unions demanding salary payments in foreign currency.
  — Tawanda Karombo, Quartz Africa, 10 July 2019
• The silver lining of this crisis is that hyperinflation and the cash shortage precipitated a spontaneous dollarization of the economy.
  — Jon Hartley, National Review, 27 Oct. 2021
• The silver lining of this crisis is that hyperinflation and the cash shortage precipitated a spontaneous dollarization of the economy . . .
  — Andrew Stuttaford, National Review, 30 Oct. 2021
• A similar process of spirit-world dollarization has been documented in neighboring Vietnam, which also saw an influx of dollars in the 1990s, although the government there has been much more successful in eliminating them.
  — Julia Wallace, New York Times, 8 Apr. 2016
• Maduro’s de facto dollarization of the economy this year allowed many public employees in Venezuela to supplement their official salaries in nearly worthless local currency by charging in dollars for their services.
  — BostonGlobe.com, 1 Dec. 2019
• Erdogan’s drive for ever-lower borrowing costs eroded Turks’ confidence in their own currency, fueling a steady dollarization of the economy.
  — Cagan Koc, Bloomberg.com, 10 May 2020
• By some estimates, there are three times as many dollars in circulation as bolivars, creating a de facto dollarization of the economy that is stabilizing inflation.
  — Washington Post, 25 Dec. 2019

Last Updated: 17 Jul 2024