Don't cry for me Argentina
Post ReplyForum


InTheNameOfJesus

02/02/2024, 18:16:56




Author Profile | Edit


https://www.bnnbloomberg.ca/milei-should-dollarize-at-once-says-man-who-did-it-in-ecuador-1.1970796

Milei wants to 'dollarise'the economy to tame the hyper-inflation but the Argies have -ve govt owned dollar reserve to 'dollarise' or would the elite use the ploy to drain the nation's wealth further?

"— Argentina has an estimated negative $10 billion in net international reserves — ditching the peso risks sparking a collapse in the currency that could lead to hyperinflation, a possible run on the banks and social unrest as savings vanish. “Dollarizing without dollars is like saying you want the entire population to wear Nike sneakers, even though you don’t make them and you don’t have the resources to buy them,” said Alejandro Werner, a former IMF director for the Western Hemisphere. “It’s impossible.”..."

 






Recommend | Alert |
 Post ReplyBack

Followups

�������ʿ֪ʶ��Ȩ����ʤ

Copyright Infringement Jury Trial Verdict

Copyright Infringement Lawsuit Software Jury Trial Verdict

Judge James Ware Presiding: Copyright Infringement Trial

Copyright Trial Attorney

Ninth Circuit Copyright Law - Copyright Jury Trial