The Illusion of Dollarization
Javier Milei's economic plan for Argentina is not true dollarization, but rather the creation of a new currency: the Argentine Dollar, or "Milei Dollar." This virtual currency is fundamentally different from the physical U.S. dollar in several key aspects:
Control...
Dollarization is a long way off if ever but it looks like at least some banks are working to get USD denominated debit cards working in Argentina.
https://www.batimes.com.ar/news/economy/argentinas-central-bank-is-working-to-enable-dollar-debt-cards.phtml
Milei defended his dollarization plan and sent a strong warning to Congress: “I am going to veto any project that wants to break the bank” - Infobae
Source...
Here is his plan.
https://www.bloomberg.com/news/articles/2024-05-22/argentina-s-milei-lays-out-blueprint-toward-dollarization
Non-Paywall:
https://archive.is/RU0r4
Dollarization again at the center of the debate: defenders and detractors analyze how close it is - Infobae
Source:
https://www.infobae.com/economia/2024/02/15/la-dolarizacion-otra-vez-en-el-centro-del-debate-defensores-y-detractores-analizan-que-tan-cerca-esta/
February 15, 2024
By...
Economist Marina Dal Pogetto expressed her reservations about the recession facing the economy and the inflation figures for the coming months.
EcoGo's Executive Director, Marina Dal Pogetto, analyzed the economic situation prior to the release of the inflation figure. She expects inflation...
This clown Milei still thinks he is going to dollarize. NOT happening.
La Libertad Avanza’s predominant campaign topic has made a strong comeback – a recent report by JP Morgan warned that dollarisation in Argentina might fail, even if the necessary dollars are obtained, and former economy...
I’ll just leave this here and then show myself out.
The amount of nonsense and vitriol I’m expecting is past the roof.
In June, I asked what I thought was an innocent question: “What Would Dollarization Mean for Expats?”
I got many great responses, but I also got idiotic responses that don’t...
Call me stupid but I asked my husband who lived in Argentina many years ago before we got married how this would work and what It means. He just told me they want to change everything to US dollars but told me it would be nearly impossible. I'm trying to do research to understand this as we...
Interesting that the Milei administration is still talking about dollarization. I figured with Caputo appointed, it was dead but saw this article today.
https://www.voanews.com/a/argentina-contemplates-major-economic-reforms-including-dollarization-/7403656.html
New York Times - Paul Krugman: Why dollarization is a fantasy
https://www.nytimes.com/2023/12/12/opinion/argentina-dollar-milei.html?unlocked_article_code=1.FU0.HKXj.GtnHfrgdpyJb&smid=nytcore-ios-share&referringSource=articleShare
Do You Believe in Monetary Magic?
Dec. 12, 2023, 2:13 p.m. ET
Argentina’s Big Dollarization Risk
The country needs a hard currency, but finding the real peso-dollar market rate could be painful.
By Mary Anastasia O’Grady
Nov. 26, 2023 at 4:41 pm ET
Argentine presidential candidate Javier Milei raises a mock-up dollar bill with his depiction on it at...