The term is applied to the use of any foreign currency as the national currency, for example Zimbabwe used the U.S. dollar after the collapse of the Zimbabwean dollar.
Zimbabwe is an example of dollarization since the collapse of the Zimbabwean dollar. The term is not only applied to usage of the United States dollar, but generally to the use of any foreign currency as the national currency.
The term is not only applied to usage of the United States dollar, but generally to the use of any foreign currency as the national currency. Zimbabwe is an example of dollarization since the collapse of the Zimbabwean dollar.
The term is not only applied to usage of the United States dollar, but generally to the use of any foreign currency as the national currency. Zimbabwe is an example of dollarization since the collapse of the Zimbabwean dollar.