1. adopting the U.S. dollar as the official currency of a country or region
Usage: present participle of dollarize; economics/finance context
2. converting currency or financial assets into U.S. dollars
Usage: present participle of dollarize; finance context

Examples

• Several Latin American countries are considering dollarizing their economies to reduce inflation.
• The central bank announced plans for dollarizing the nation's currency system.
• Dollarizing the economy could help stabilize prices and attract foreign investment.
• Many small island nations have already adopted dollarizing as a monetary policy.
• The government debated the pros and cons of dollarizing before making a final decision.