Word: dollarization
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...remarkable achievement for a currency whose only global rival is the U.S. dollar. The greenback has more than two centuries of history behind it. But it wasn't until Jan. 1, 1999 that 11 E.U. countries locked their national currencies together into a fixed exchange rate. Three years later, physical coins and notes became available, replacing national cash in a massive changeover operation. (See the top 10 business deals...
...Pisani-Ferry says the financial crisis has been a defining moment for the euro, but he cautions against too much praise. The euro is still some way from dethroning the dollar as a global currency; just 27% of global foreign exchange reserves are held in euros compared with 62% in dollars...
...Your Oats. Jamba Juice is introducing oatmeal to the menu nationwide (it's already been previewed in Chicago stores) in January, giving Starbucks a run for your breakfast dollar. Unlike Starbucks', Jamba's oatmeal is slow-cooked, not instant, and you'll have a choice of fruit toppings - apple-cinnamon crumble, blueberry-blackberry or fresh banana...
...crippling legacy that is proving hard to unlearn. Many Cabinet ministers still sign off on minutiae like restocking their office supplies, while the lack of digitization in some government bureaus is almost Monty Python-esque. In Diyala, the governorate's billion-dollar budget (the amount is cumulative because the budget has not been executed over three fiscal years) was being administered by a single accountant who had "a pencil, an eraser and a huge ledger," says Hunt...
...flight of hundreds of thousands of Iraq's best and brightest during the war (and before) has also resulted in many sectors severely lacking in professionals. During recent talks between the Electricity Ministry and General Electric over a multibillion-dollar deal to pump 7,000 megawatts of sorely needed power through Iraq's fitful grid, the ministry sent a negotiating team of only three people. Says Barnich, who helped facilitate the talks: "There's just nobody there...