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Currency substitution, also known as dollarization, is the use of a foreign currency in parallel to or instead of a domestic currency.
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currency substitution foreign exchange domestic dollar full rate monetary currencies also used countries alongside coins euro inflation banking states system
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Currency substitution | is a | most common type of currency substitution | 0.90 | text |
| Currency substitution | is a | elimination of the risk of exchange rate fluctuations and a possible reduction in the country's international exposure | 0.90 | text |
| external liability currency substitution | instance of | there is a set of related definitions of currency substitution | 0.80 | text |
| domestic liability currency substitution | instance of | there is a set of related definitions of currency substitution | 0.80 | text |
| banking sector's liability currency substitution or deposit currency substitution | instance of | there is a set of related definitions of currency substitution | 0.80 | text |
| and credit dollarization | instance of | there is a set of related definitions of currency substitution | 0.80 | text |
| buying properties | instance of | the United States dollar is used for major purchases | 0.80 | text |
| buying electrical appliances | instance of | USD is used for purchases | 0.80 | text |
| clothes | instance of | USD is used for purchases | 0.80 | text |
| spare car parts | instance of | USD is used for purchases | 0.80 | text |
| and food | instance of | USD is used for purchases | 0.80 | text |
| Currency substitution | related to In banking systems | In | 0.60 | section |
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