Forget the dollar, Argentina should adopt the euro as its currency, Nobel economist Paul Krugman says

• Argentina should adopt the euro, not the dollar, in order to tackle hyperinflation, Nobel economist Paul Krugman said. 
• The South American nation does almost twice as much trade with the EU as it does with the US, he pointed out.
• Red-hot inflation and a plunging peso have fueled chatter that Argentina should ditch the peso. 

Forget the dollar, it's the euro that Argentina should be adopting, Nobel economist Paul Krugman said. 

His comments come as the country battles with three-digit inflation levels and a plunging peso. 

"Argentina does almost twice as much trade with the European Union as it does with the US. If anything, they should adopt the euro," Krugman said in a Thursday post on X.