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Argentina's new president Javier Milei thinks adopting the US dollar can rescue its screwed economy

Mon, 11/20/2023 - 04:33

Tech Insider : Economy, Politics, Politics

A supporter of Presidential candidate Javier Milei of La Libertad Avanza holds a replica of a hundred dollars bill with Milei's photo during a rally on September 25, 2023 in San Martin, Buenos Aires, Argentina. — A Javier Milei supporter at a pre-election rally in Buenos Aires.
Tomas Cuesta/Getty Images

economy, politics, mi-exclusive, Markets, Currencies, Argentina, argentine-peso

Argentina's Trump-like presidential candidate, who proposed making the US dollar the country's official currency, wins election after his opponent concedes defeat

Sun, 11/19/2023 - 18:57

Tech Insider : Politics

Javier Milei — Presidential candidate of the Liberty Advances coalition Javier Milei arrives to vote in the presidential runoff election in Buenos Aires, Argentina, Sunday, Nov. 19, 2023.
(AP Photo/Matias Delacroix)

politics, Argentina, donald-trump

This is the world's next major election. The winner has to fix chronic hyperinflation and halt a 6th recession in 10 years.

Sat, 11/11/2023 - 06:03

Tech Insider : Economy, Economy

argentina — Javier Milei and Sergio Massa are set to square off in a run-off vote to elect Argentina's next president on November 19.
Rodrigo Abd/Gustavo Garello/AP Photo

economy, economy, Argentina, Inflation, Recession, De-Dollarization, Agriculture

BRICS countries could swing an 'economic wrecking ball' at dollar dominance even without a shared trade currency, former White House economist says

Fri, 11/03/2023 - 16:02

Money getting shredded — Daniel Grizelj/Getty Images

Markets, mi-exclusive, De-Dollarization, dollar-dominance, us-dollar, USD, Greenback

Argentina used Chinese yuan for part of its payment to the IMF as US dollars remain scarce

Thu, 11/02/2023 - 15:34

One Chinese yuan bill lying on top of a US dollar bill. — One Chinese yuan bill lying on top of a US dollar bill.
Getty Images

Markets, mi-exclusive, Yuan, Argentina, Peso, us-dollar, De-Dollarization

The 'blue dollar' is booming: Argentina's lust for the buck pushed its black-market rate up 60,000% since peso parity ended in 2002

Thu, 10/19/2023 - 06:37

Argentina peso/dollar — US dollar and Argentine peso notes.
Nora Mazzini

Markets, mi-exclusive, Markets, dollar-dominance, us-dollar, Argentina, argentina-inflation

China boosts Argentina's access to the yuan under currency deal as peso plummets

Wed, 10/18/2023 - 11:11

Tech Insider : Economy

China yuan — China's yuan.
Bloomberg Creative/Getty Images

Markets, mi-exclusive, dedollarization, Yuan, Peso, China, Argentina

Argentine peso hits record low as Milei says 'it can't be worth excrement' while businesses oppose dollarization

Tue, 10/10/2023 - 12:38

Argentina peso/dollar — Nora Mazzini

Markets, mi-exclusive, dollar-dominance, Argentina, milei, Elections, Peso

The US dollar and Argentine peso could exist side by side, says rival to presidential frontrunner Milei

Tue, 09/26/2023 - 15:28

Tech Insider : Economy

Argentina peso/dollar — Nora Mazzini

Markets, mi-exclusive, Dollar, Peso, Argentina, dollar-dominance, Currency

Dollarization would eliminate Argentina's future inflation risk, former IMF board member says

Fri, 09/22/2023 - 12:07

Tech Insider : Economy

Argentine peso/dollar — AGUSTIN MARCARIAN/Reuters

Markets, mi-exclusive, Argentina, IMF, De-Dollarization, Dollars, Hyperinflation

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