Javier Milei Proposes Dollarization Plan to Fix Argentina's Economic Woes

Presidential candidate Javier Milei proposed dollarization as a solution to Argentina's inflation and devaluation problems. Milei's plan involves abandoning the Argentine peso and converting all deposits and reserves of central and private banks to the US dollar. The cost of this plan is estimated to be $40 billion, but Milei argues that the social cost would be zero as it would end inflation. Critics argue that this move would tie Argentina's monetary policies to the US Federal Reserve, potentially hurting the country's econom