Is full dollarization the answer to Lebanon's currency crisis?

Context

Lebanon's currency crisis began in 2019 when the Lebanese pound, pegged to the dollar for decades, lost over 90% of its value as the country's banks ran out of foreign reserves. Dollarization—officially adopting the US dollar instead of the pound—is proposed as a way to restore confidence, stop inflation, and stabilize the economy, though critics worry it would eliminate monetary policy flexibility and worsen inequality. The debate reflects a desperate search for solutions after years of political deadlock, capital controls, and economic collapse that has pushed much of the population into poverty.