Taking dollarization to the next level: Here's a look at countries using the greenback as local currency

• Argentina's presidential election puts the country closer to adopting the dollar as its own currency.
• But the switch could mean risks, and Argentina would have to cede monetary control.
• Several other countries, including Panama and Zimbabwe, have adopted the greenback.

Pro-dollarization candidate Javier Milei has secured Argentina's presidency, laying the foundation for the country to adopt the US dollar — and join other countries that have done the same. 

It'll be no easy thing to implement, analysts have noted, as support in the Argentina's congress remains thin. But if successful, it would become the largest economy to dollarize.