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Dollarization

MoneyDollarization or currency substitution is a very interesting technique of currency and finance.Investors transfer their local investments into foreign currency of higher value,because they feel that their local currency is too weak.It is called dollarization because most of the people   transfer their investments into dollar currency.

 

According to the currency experts,dollarization mostly takes place in countries who are heavily dependent on the loan and aid of America.So residents of these countries mostly keep their assets in dollar currency.

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About Emaad Qureshi