Argentina’s Dollarization Dilemma – Assessing Potential Implications | Blog
Everest Group
APRIL 16, 2024
However, the dollar peg collapsed amid a severe recession, leading President Eduardo Duhalde to dissolve the 1:1 link in early 2002. Then-president Carlos Menem proposed fully dollarizing the economy in 1999. During his winning campaign, Argentina’s newly elected president, Javier Milei, championed the dollarization proposal.
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