Argentina’s newly elected president thinks dollarization...

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Sam Mendoza

·2 years ago
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Argentina’s newly elected president thinks dollarization will help his inflation-plagued economy Fiscal shock therapy...? Argentinas inflation rates are soaring over 140% and prices almost doubled last year. The peso’s losing value fast, and after decades of runaway inflation, Argentines have lost hope in their leaders’ ability to stabilize the economy. Will Milei’s plan to call in Congress to review an XL package of fiscal reforms work? wsj.com/world/americas/ar.. #The Most Important Thing
Argentina’s New President Wants to Adopt the U.S. Dollar as the National Currency
www.wsj.com

Argentina’s New President Wants to Adopt the U.S. Dollar as the National Currency

But Latin America’s third-largest economy is broke and lacks funds to swap the nearly worthless peso for the greenback

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