Argentine peso bills
  • A plan by Argentina's president-elect to dollarize the economy won the backing of Mark Mobius.
  • The veteran emerging-market investor said the currency shift would be an "incredible boost" for the economy.
  • Sky-high inflation has made investing in Argentina dangerous, Mobius added.

Argentina's possible flip to the dollar would be an economic boon and would solve the country's issues with inflation, Mark Mobius told Bloomberg TV on Tuesday.

The comments from the veteran emerging-market investor come after Javier Milei won Argentina's presidency over the weekend, bringing his dollarization plans a step closer to reality.