Examples of using Dollarization in English and their translations into Arabic
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Reduced prices for pvc followed by the announcement of the dollarization rate.
Ms. de Ginatta discussed dollarization and its impact on FDI.
In Ecuador, the inflationary spiral of 1999 andearly 2000 came to a halt following the dollarization of the economy.
Currency substitution or dollarization is the use of a foreign currency in parallel to or instead of the domestic currency.[1].
On the currency situation, he was of the view that after so much use of other currencies any new Palestiniancurrency would be vulnerable to" dollarization" unless it could prove its worth.
Slow money growth and dollarization of deposits have hampered the ability of commercial banks to finance the government, leaving more of the burden to the central bank.
Monetary union Currency board Domestic Liability Dollarization Petrocurrency Bitcoin, a cryptocurrency.
In conclusion, in Ecuador, the dollarization process had shielded the economy from political crisis, protected the banks and generated trust, which had in turn led to increased bank deposits.
In addition,various countries in the region have maintained a high degree of dollarization in their economies or have simply adopted the dollar as legal tender.
The scenario after the dollarization process also favoured the growth of deposits in the economy, from just under $3 billion in 1999 to over $10.5 billion in 2008.
At the same time, the Board agreed with the conclusion in thereport of the Chief Executive Officer on the matter, noting that dollarization had a more adverse effect on those at the lower pension income levels.
The Board had reached the conclusion that the dollarization process had adversely affected the purchasing power of certain retirees and beneficiaries living in Ecuador.
The Board was invited to consider the proposal reflected in the report of the Chief Executive Officer,which would mitigate the problem in respect to those" most adversely" affected by the dollarization policy in Ecuador.
It was found that in El Salvador and East Timor the dollarization policy had been adopted and implemented systematically, thus avoiding the abrupt macro-economic transition experienced in Ecuador.
All the persons in question had elected the dollar track for their pensions andhad therefore benefited from receiving payments in dollars in the period preceding dollarization, when the value of the Ecuadorian currency was fluctuating.
A high degree of dollarization(or euroization) of the financial system can make banking systems more vulnerable to deposit runs when the domestic currency comes under pressure and accentuates currency mismatch.
While recognizing that the proposed provision would apply inother countries should the situation arising from dollarization replicate itself, the Committee agreed that the parameters were clearly delineated and could substantiate viability.
Dollarization", when referring to currency substitution, does not necessarily involve use of the United States dollar.[2] The currencies that have been used as substitutes have been the US dollar, the euro, and the Australian dollar.
Additionally, as an exception, it responded to General Assembly resolution 61/240 inviting the Board to present a viable ad hoc measure toadequately attenuate the adverse consequences arising from dollarization in Ecuador.
While the Board agreed that dollarization had had an adverse effect on the purchasing power of some retirees and beneficiaries residing in Ecuador, it did not reach a consensus as to the adoption of ad hoc measures.
That resolution had also invited the Board to present a viable ad hocmeasure to adequately attenuate the adverse consequences arising from dollarization in Ecuador, and he commended the Board for having complied with its mandate in that regard.
However, following dollarization, their pensions had been adversely affected not only by the domestic economic situation but also by the failure of the Pension Fund to make an appropriate adjustment designed to mitigate the negative effects of that situation.
The Board held extensive discussions on the proposal presented by the Chief Executive Officer, as well as in respect to other possible solutions that would provide payments that would be extended to the Fund 's full population group affected by dollarization in Ecuador.
The Assembly specifically addressed dollarization in Ecuador, in its resolution 61/240, where it invited the Board" to present in 2007 a viable ad hoc measure to adequately attenuate the adverse consequences arising from dollarization in Ecuador, after consulting with the Committee of Actuaries".
Ms. Sánchez Izquierdo(Ecuador) recalled that, following the severe economic and financial crisis of 1999 and 2000,the Ecuadorian Government had adopted an emergency dollarization policy, which had led to uncontrolled inflation and price escalation.
Currency boards and dollarization(archived Web site) Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise, Currency Board Book Series, Studies in Applied Economics working paper series(includes many papers on currency boards),, and Digital Archive on Currency Boards.
Monetary policymakers had to be mindful of the repercussions of the adverse external environment,which tended to strengthen external competitiveness, the dollarization of a large part of the public debt and of private contracts in certain countries and the possible impact of exchange-rate trends on domestic prices.
Member States recognized the positive steps that El Salvador had taken over the last couple of decades to achieve development through an open economy, citing, among other things,the privatization of state-owned enterprises and pension funds, the dollarization of the economy in 2001, the accession to bilateral and regional trade agreements, and the adoption of market-oriented policies.
In the light of its extensive discussions on the matter, however,and after recalling its agreement as to the adverse consequences that dollarization had on the Fund ' s retirees and other beneficiaries residing in Ecuador, the Board decided to formulate a proposal that would provide payments to all retirees and beneficiaries affected.
