disadvantage of the dollarization?

Question

i wanna know what are di disadvantages of the dollarization~
in simple explaination plz~

what r di disadvantages of dollarization and which countries use this system?

Answer 1

Right now, the dollar has fallen to such a low that the disadvantage to marking your country's currency to it is that your own currency will be suffering the same inflation and instability that the dollar is facing now. Countries are switching their units from dollars to euros because of the higher value and stability that it provides.

Answer 2

I undergo in concepts a commercial that confirmed a pair of eggs in a frying pan and the tag line suggested - this is your mind on drugs. yet another one change into the picture of an previous wrinkled lady with a cigarette in her mouth with the tagline - Smoking is Glamorous. if you may do some thing like that visually, because maximum folk will spend about 20 seconds reading and keeping what you're saying, yet will examine out image and be able to inform you years later what change into on it - how about a photo of an excellent skinny anorexic style who eats 8 grapes an afternoon and finally ends up lack of life and a photo of an somewhat overweight individual a the different end of the rung, and one with someone in lifelike structure, sounds like workouts, eats sturdy ingredients then ask the question - healthful? Your decision!! this is been suggested a photo is nicely worth a 1000 words - imagine about it.

Answer 3

Exactly what do you mean?

Changing from a non decimal system to a decimal system? Apart from the cost of developing the currency, ie new coins etc and small costs of educating the populace, there are only advantages.