KenH
Well-Known Member
"In inflation-hit Argentina, where rentals, cars, and appliances are increasingly priced in dollars to sidestep the volatile peso, leading presidential candidate Javier Milei has sparked debate over whether to officially adopt the currency as a remedy to a battered economy.
The US dollar has long been a refuge for Argentines from pesos which lose value faster than they can spend them. Citizens bypass strict currency controls to buy dollars from a flourishing parallel market and squirrel them away at home in what is often their only viable means of savings.
...
In Latin America, Ecuador, El Salvador, and Panama have adopted the dollar as their main currency.
...
Milei, an economist and self-declared expert on monetary theory, has argued in numerous television appearances that Argentines have already chosen their preferred currency.
The Central Bank estimates there is US$244 billion stashed away by Argentines outside of official channels.
...
In a presidential primary on August 13, seen as a litmus test ahead of the election, Milei came first with 29.8 percent of votes, followed by former security minister and opposition candidate Patricia Bullrich with 28 percent. Massa scored 27.2 percent."
- rest at Voters toy with ditching pesos for dollars | Buenos Aires Times (batimes.com.ar)
The US dollar has long been a refuge for Argentines from pesos which lose value faster than they can spend them. Citizens bypass strict currency controls to buy dollars from a flourishing parallel market and squirrel them away at home in what is often their only viable means of savings.
...
In Latin America, Ecuador, El Salvador, and Panama have adopted the dollar as their main currency.
...
Milei, an economist and self-declared expert on monetary theory, has argued in numerous television appearances that Argentines have already chosen their preferred currency.
The Central Bank estimates there is US$244 billion stashed away by Argentines outside of official channels.
...
In a presidential primary on August 13, seen as a litmus test ahead of the election, Milei came first with 29.8 percent of votes, followed by former security minister and opposition candidate Patricia Bullrich with 28 percent. Massa scored 27.2 percent."
- rest at Voters toy with ditching pesos for dollars | Buenos Aires Times (batimes.com.ar)
