#110 Concept: Dollarization

If you work across time zones, borders and cultures, this is the show for you. In the "Concept" series, Leo aims at defining a topic in international business. These are shorter episodes to illustrate key concepts in this discipline.Today we present the concept of dollarization.Dollarization occurs when a country transitions from using its domestic currency to adopting a foreign currency– typically the US dollar -  to use alongside or instead of its own currency.Links to further your research: Dollarization in El Salvador celebrates 21 years Full Dollarization - The Pros and Cons An Economic History Of El Salvador’s Adoption Of Bitcoin⁠Join Leonardo on Patreon for:⁠⁠Podcast Archive: 102 episodes (40+ hours).Podcast Bonus Episodes: New exclusive content.Early Access: Upcoming YouTube videos and newsletters.Thinking Process Journal: Insights into Leonardo's contentpreparation, including a curated reading list and personal reflections.Q&A: Submit questions for future episodes, and receive a shoutout when they are answered.You could also support the podcast by purchasing one of thefollowing books on Amazon using the links provided:- ⁠⁠The Personal MBA⁠⁠- ⁠⁠HBR's 10 Must Reads 2025⁠⁠- ⁠⁠The 48 Laws of Power⁠⁠- ⁠⁠Blue Ocean Strategy⁠