What does currency substitution mean?
Definitions for currency substitution
cur·ren·cy sub·sti·tu·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word currency substitution.
Wikipedia
Currency substitution
Currency substitution or dollarization is the use of 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 has taken place after a major economic crisis, for example, Ecuador and El Salvador in Latin America and Zimbabwe in Africa. Some small economies, for whom it is impractical to maintain an independent currency, use those of their larger neighbours; for example Liechtenstein uses the Swiss franc. Partial currency substitution occurs when residents of a country choose to hold a significant share of their financial assets denominated in a foreign currency. It can also occur as a gradual conversion to full currency substitution, for example, Argentina and Peru were both in the process of converting to the U.S. dollar during the 1990s.
Numerology
Chaldean Numerology
The numerical value of currency substitution in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of currency substitution in Pythagorean Numerology is: 8
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"currency substitution." Definitions.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.definitions.net/definition/currency+substitution>.
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