CURRENCY DUALISM AND ITS IMPLICATIONS FOR THE STABILITY OF THE FINANCIAL SECTOR
Abstract
The dollar is a highly respected currency worldwide, earning considerable authority and deservedly holding the title of the most popular and widely used currency. A characteristic feature of the economies of transition countries is the dollarization of the monetary system. This dollarization of the economy refers to the process of replacing some (or all) of the domestic currency's functions with foreign currency: a store of value, a measure of value, and a medium of exchange.
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