Examples of using Dollarization in English and their translations into Indonesian
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Ecclesiastic
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Ecclesiastic
This effect is known as dollarization.
Dollarization is a generic term that can fall into three categories.
Maduro says'thank God' for dollarization in Venezuela.
Unofficial dollarization can be so prevalent in some countries that more U. S.
They have recently taken avery drastic step of trying to stop the dollarization of the Cuban economy.
While many people associate dollarization with the U.S. dollar, the association is not exclusive.
We need therefore tosafeguard the integrity of the multiple currency system or Dollarization in Zimbabwe.'.
While official dollarization may be well-documented, the murky world of unofficial dollarization is not.
It has also managed to decrease the cost of its debt,and reduce dollarization- from 80% in 2002 to 50% in 2014.
Read on to learn more about unofficial dollarization, why it has become so popular and how U.S. dollars move in and out of the United States.
For this and other reasons, developing countries that want to establish credible monetary policy may institute a currency board oradopt dollarization.
Henke Garcia, head of another firm, Econometrica, said:"Dollarization has to do with inflation, that is the fundamental cause.
Dollarization is the most extreme form of currency failure, when people lose all faith in their currency and adopt the currency of another country.
Likewise in Ecuador,massive street blockades have protested the dollarization of the economy and the absence of public investments in the highlands.
In addition, due to the U.S. dollar's global acceptance, it is used by some countries as an official currency, in lieu of a local currency,a practice known as dollarization.
I don't see it as a bad thing… this process that they call‘dollarization,'” Maduro said in an interview broadcast on the television channel Televen.
Under dollarization, foreign currency(usually the US dollar, hence the term"dollarization") is used freely as the medium of exchange either exclusively or in parallel with local currency.
In October, the president presented a plan to incentivize the country's economy with measures as incentives for the creation of employment,strengthening of dollarization, implementation of electronic money, austerity in the Government, fight against smuggling and tax evasion.
Ironically, the very stability that dollarization brings can be a curse to local governments, as they lose the power to control inflation and fiscal policy.
The dollarization of assets is fueled internally by Argentines' distrust of the peso, because the government has promised much on the economy but hasn't delivered," said Sigaut.
Read on to learn more about unofficial dollarization, why it has become so popular and how U.S. dollars move in and out of the United States.
Although dollarization usually enables a country to be seen as a more stable place for investment, the drawback is that the country's central bank can no longer print money or make any sort of monetary policy.
For this and other reasons, a currency board or dollarization may be instituted by developing countries that want to develop a credible monetary policy.
Unofficial Dollarization: For many countries in the developing world, the dollar will be widely used and accepted in private transactions, but it is not classified as legal tender by the country's government.
This process they call dollarization can help the country's recovery, the expansion of the country's productive forces and the economy," Maduro said in an interview last month.
That process that they call dollarization can help the recovery of the country, the spread of productive forces in the country, and the economy,” Maduro said in a televised interview last month.
Even though dollarization generally permits a nation to be observed as a steadier pace for outlay, the disadvantage is that the central bank of the country can print anymore currency or manage the financial policy of the country.
A lower level of U.S. dollarization- unofficial dollarization- is common in a large number of countries around the world where the U.S. dollar is not designated as legal tender in the country and is therefore not generally accepted at places of business but is commonly accepted in private transactions by the country's citizens.