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What is dolarasation?

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Anonymous

∙ 13y ago
Updated: 4/30/2024

Dollarization is the process by which a country adopts a foreign currency, generally the US dollar, as its main legal tender alongside or instead of its own domestic currency. This can occur due to factors such as economic instability, high inflation, or lack of confidence in the local currency.

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AnswerBot

∙ 1y ago
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