0
since dollarization replaces country's currency, it will lead to depreciation of local currency. Investors wont find it worth investing in a country with falling local currency as it will fetch them no good return. Also, it will affect our export. Import would be expensive.
Wiki User
∙ 7y ago
Add your answer:
Earn +20 pts
Is srilanka a developed country or a developing country?
developing country
Is Bulgaria a developed country or a developing country?
Bulgaria is a developing country
Is Brazil a developing or developed country?
Brazil is a developing country because, lot of people are still in poverty.
Is Mali a developed country or developing country?
poor coutry in mali
Is Peru a developed or developing country?
developing
Is srilanka a developed country or a developing country?
developing country
Is Thailand a developed country or developing country?
developing country
Is Namibia a developed or developing country?
Namibia is classified as a developing country.
Is the dominican republic a developed or developing country?
Dominican Republic is a developing country.
Is pakistanan underdeveloped or developing country?
developing country
Is Tunisia a developed or a developing country?
No its a developing Country
Is Madagascar a developing country?
It is a developing country.
Is Kazakhstan a developing country?
No, it's a developing country.
Is Ethiopia a developing country?
Ethiopia is a developed country..
Is Bulgaria a developed country or a developing country?
Bulgaria is a developing country
Is new delhi a developing country?
It is not a country. It is a capital of a developing country that is India.
Is china a developed country or a developing country?
No because no country is developed yet there always changing which means they are developing
