Discover and read the best of Twitter Threads about #Dollarisation

Most recents (1)

#AntiDollarisation Big Thread 🔥 💡

#Dollarisation: The removal of a ventilator from an economy in ICU

1/ An ailing, sick or troubled economy needs medication of policy & actions.

Does this include abandoning a domestic currency & then dollarise?

What is #dollarisation?
2/ By definition, dollarization is "when the USD is used in addition to or in place of the domestic currency of another country. It usually happens when a country’s own currency loses its usefulness as a medium of exchange, due to hyperinflation or instability." - Investopedia.
3/ Its further explained that "dollarization usually occurs in developing countries with a weak central monetary authority or an unstable economic environment. It can occur as an official monetary policy or as a de facto market process."
Read 43 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!