Argentina can dollarize without dollars, says economist who made the switch before

• Argentina's dollar scarcity shouldn't stop it from dollarizing, Francisco Zalles told Bloomberg.
• The economist previously helped Ecuador dollarize in 2000.
• "For Milei's plan to work, he needs nothing," Zalles said. "He just needs to dollarize."

Argentina's lack of greenbacks shouldn't stop the country from ditching the peso and adopting the dollar, according to an economist with experience on the matter.

Francisco Zalles, an economist who helped Ecuador dollarize in 2000, told Bloomberg that dollars would flow back into Argentina as soon as it makes the switch.