dollarize

Argentina must dollarize and abolish the central bank, economist says

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A man wearing a Diego Maradona t-shirt walks by the Argentine Central Bank on November 30, 2023 in Buenos Aires, Argentina. Tomas Cuesta | Getty Images News | Getty Images Argentina is in the grip of a profound economic crisis, and one veteran economist believes part of the solution is for President Javier Milei to … Read more

Argentina’s Javier Milei wants to dollarize. What does that mean?

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In the early 20th century, Argentina was one of the richest countries — wealthier, by some measures, than Germany, France or Spain. But for decades it has been in economic decline, and has in recent years struggled with rapid inflation. While inflation is a major concern in many countries, including at a rate above 3 … Read more