The self-styled anarcho-capitalist who won Argentina’s presidency on Sunday plans to ditch his nation’s peso and adopt the US dollar as the national currency. His top campaign proposal was aimed at eradicating rampant inflation that has for decades ravaged Latin America’s third-biggest economy by removing the battered national currency from circulation and stripping the central bank of its power to print money.
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Argentina’s new president wants to adopt the US dollar as the national currency
"[Dollarization] is not a substitute for structural reform, but undoubtedly it can provide nominal stability. It can give you a much more stable financial transactions environment, and a much more stable inflation rate."
