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Planet Money
Planet Money

Dollarizing Argentina

Dec 21, 2023 · 24m
AI Summary
  • Argentina's currency crisis has pushed inflation above 160% annually as the peso collapsed from 20-to-1 to 1,000-to-1 against the dollar
  • New president Javier Milei campaigns on dollarizing Argentina by replacing the peso with U.S. dollars
  • Episode explores what dollarization means, its mechanisms, and whether adopting the dollar can actually solve Argentina's economic instability

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