Currency substitution

Worldwide official use of foreign currency or pegs.
  US dollar users, including the United States
  Currencies pegged to the US dollar
  Euro users, including the Eurozone
  Currencies pegged to the euro

  Australian dollar users, including Australia
  Indian rupee users and pegs, including India
  New Zealand dollar users, including New Zealand
  Pound sterling users and pegs, including the United Kingdom
  Russian ruble users, including Russia and other territories
  South African rand users (CMA, including South Africa)

  Special drawing rights or other currency basket pegs
  Three cases of a country using or pegging the currency of a neighbor

Currency substitution or dollarization occurs when the inhabitants of a country use a foreign currency in parallel to or instead of the domestic currency.

Currency substitution can be full or partial. Most, if not all, full currency substitution have taken place only after a fatal economic crisis: examples are Ecuador and El Salvador in Latin America.

单词	Currency substitution
释义	Currency substitution 原声例句 ME Currency substitution refers to a monetary phenomenon in which foreign currency enters the domestic circulation and acts as all or part of the functions of domestic currency. 货币替代是指外国货币进入国内流通，承担本国货币全部或部分功能的货币现象。英语百科 Currency substitution Currency substitution or dollarization occurs when the inhabitants of a country use a foreign currency in parallel to or instead of the domestic currency. Currency substitution can be full or partial. Most, if not all, full currency substitution have taken place only after a fatal economic crisis: examples are Ecuador and El Salvador in Latin America.
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