Dollarization in a sentence

As a result, the US is gradually losing its market share in both emerging and existing sectors, accelerating the de-dollarization process.

De-dollarization: World faces threat of economic catastrophe - The Sunday Guardian Livesundayguardianlive.

In Putin’s virtual address the day prior, he emphasized that de-dollarization is “gaining momentum”.

None De-dollarization risks aren't priced in despite rising US dysfunction and tension with China, JPMorgan said.

The government (a) implemented a “Russification” policy to protect potential sanctions targets, (b) sought new economic and political partnerships, (c) retaliated against the countries imposing sanctions, and (d) attempted de-dollarization.

The signs that de-dollarization is taking place are certainly there but this will not result in an overnight abandonment of the dollar as the world’s global reserve currency unless a very dramatic shift in geopolitics was to take place.

Yet, with a higher dollarization rate in 2023, there is a need to focus on adapting to respond to the shifting economic environment.

In related news, Bank of Zambia Governor Denny Kalyalya has urged stakeholders in the financial sector to engage in the ongoing consultation process of de-dollarization.

None De-dollarization trends pose a risk to the US stock market, Morgan Stanley Wealth Management says.

While efforts to move away from the dollar have, in some sectors, gained traction, the rhetoric around de-dollarization is, in many ways, more about performative politics than serious policy.

To appreciate the consequences, one need look no further than Argentina’s long, unhappy history of financial dollarization.

Previously in Somaliland, dollarization was mostly linked to the role of money as a medium of exchange where people use foreign currency to buy some of the imported goods.

The prime implication of the dollarization is currency depreciation as domestic currency loses value over the Dollar.

But usually the "dollarization" takes place in spite of all efforts of the government to prevent it by exchange controls, heavy fines and penalties.

Dollarization also had other consequences, including: * Reduced taxation and financial transparency, as people continued to keep their money out of the formal banking system.

Dollarization notwithstanding, the large issuance of the Somali shilling has caused inflation.

However, the coup de grâce for Mahuad's administration was Mahuad's decision to make the local currency, the sucre (named after Antonio José de Sucre ), obsolete and replace it with the U.S. dollar (a policy called dollarization ).