"Dollarization"

[Steve Harper]

I heard a story on National Public Radio in mid-April about the
move by one or more Latin American countries with weak currencies
to convert their monetary systems to the U.S. dollar.  The
reporter spoke of the "dollarization" of their systems.  This is
the first I've heard this term.  Is it a new one?


Steve Harper
Fayetteville, NC

"If a general war begins, it will be because of some damn fool
thing in the Balkans."  Count Otto von Bismark (1815-1898)