English:Over the past three decades exchange rate volatility has motivated a renewed search for
stable and predictable exchange rate regimes. As a fixed exchange rate regime, dollarisation
has increasingly been suggested as such an alternative, and is currently
receiving renewed attention. This article is aimed at investigating the nature and
rationale for such a regime, and also analysing its advantages and disadvantages.
Furthermore, a critique of dollarisation, together with an analysis of its suitability
for various circumstances and types of economies, is offered in order to determine its
specific niche on the exchange rate spectrum. The regime is found to have merit, but
to be applicable only to a limited number of countries with specific features.