For years a good part of the economics profession has been telling it to scrap the currency board in favor of dollarization. |
Leaders also revealed plans for a 48-hour stoppage on May 1 against the dollarization of the currency and for freedom for political prisoners. |
Where inflation and nominal interest rates are very high, dollarization may improve government finances by increasing real revenue. |
The dollarization of local savings and credits played important roles in agents' perceptions and behavior. |
Despite these protests, the government has insisted that dollarization is in the best interest of its citizens. |
They know from elsewhere that the dollarization process would hit them particularly hard. |