Is the US dollar Argentina’s new currency?
17 November 2023
With the final round of the presidential election looming and the nation battling triple-digit inflation, Argentina’s citizens wonder what to do. The libertarian Javier Milei, a larger-than-life candidate, proposes to save the economy by dollarizing, replacing the peso with the US dollar. It’s a drastic measure from which there is no turning back. Complicating the situation, Argentina was invited to join BRICS, an association of emerging economies that seeks to blunt the importance of the US dollar in world trade. Is dollarization the best way forward?
Read more about the controversy in this insight from our specialist investment partner, Mesirow Currency Management.
