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FOREIGN CURRENCY APPROVAL [1 record]

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Alphabetical list of terms

Record 1 2009-04-01

English

Subject field(s)
  • Currency and Foreign Exchange
  • Saving and Consumption
CONT

Dollarization occurs when residents of a country extensively use foreign currency alongside or instead of the domestic currency. Dollarization can occur unofficially, without formal legal approval, or it can be official, as when a country ceases to issue a domestic currency and uses only foreign currency. The idea of dollarization has gained prominence in the last year because several countries have considered official dollarization.

French

Domaine(s)
  • Politique monétaire et marché des changes
  • Épargne et consommation
CONT

La dollarisation est le processus de remplacement par une monnaie étrangère (souvent le dollar des États-Unis d'Amérique) d'une monnaie nationale préexistante en tant qu'unité de fixation du prix des biens, d'instrument de paiements et de moyen de détention de l'épargne.

Spanish

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