The process by which the US dollar is de facto adopted as the currency of a country. Dollarisation can be unofficial (the public chooses to hold dollars), or official (the central bank and government do not produce their own banknotes, eg. Ecuador).
The process by which the US dollar is de facto adopted as the currency of a country. Dollarisation can be unofficial (the public chooses to hold dollars), or official (the central bank and government do not produce their own banknotes, eg. Ecuador).