News of dollarisation

Central Bank working to enable dollar debt cards

14-10-2024 11:13 Argentina’s Central Bank is working with banks and credit card companies to enable debt cards denominated in dollars.

Milei wants Argentines to dollarise the economy for him

02-10-2024 13:16 Argentina’s President seems to have abandoned his vision of dollarisation of the economy. Instead, he wants his countrymen to do the job for him: dollar by dollar, peso by peso.

Milei doesn’t see Argentina dollarising before midterm vote

01-04-2024 09:33 “I don’t think we’ll get there before next year’s mid-term elections," declares president in TV interview with CNN en Español.

Banks warn against inflation bonds as price hikes cool

27-02-2024 11:36 Recession forecasts and a shrinking amount of money in circulation, as well as a narrowing gap between Argentina’s exchange rates and cooling inflation expectations, are driving investors to ease off inflation bonds.

Milei says dollarisation isn’t a ‘short-term’ goal

06-02-2024 14:17 After making it the centrepiece of his presidential campaign, the now President Javier Milei began pushing dollarisation down his list of priorities.

How is Milei’s plan to dollarise Argentina progressing?

15-01-2024 13:17 La Libertad Avanza’s predominant campaign topic has made a strong comeback – a recent report by JP Morgan warned that dollarisation in Argentina might fail, even if the necessary dollars are obtained, and former economy minister Martín Guzmán says that the process "has already begun."

by Agustina Bordigoni

Dollarisation is medium-term goal, Luis Caputo tells bankers

24-11-2023 22:06 Luis Caputo, who is leading Javier Milei’s economic team during the transition, tells banking executives in Buenos Aires that currency controls won't be lifted immediately and that dollarisation is a medium-term goal.

Javier Milei may find an unexpected friend in the IMF

21-11-2023 16:43 What will the relationship be like between Javier Milei and the International Monetary Fund, given the impact of Argentina's ongoing US$44-billion loan agreement?

Debt, inflation and the peso: Argentina's election worries

17-10-2023 12:27 As Argentines head to the polls on October 22 for a crucial presidential election, candidates have campaigned hard on proposed elixirs for the country's economic ills.

Juan Nápoli: Javier Milei’s link to big business

12-10-2023 12:49 Banker Juan Nápoli is a senatorial candidate for La Libertad Avanza – he is also libertarian presidential hopeful Javier Milei's liaison with big business.

by Giselle Leclercq

World Bank sceptical over Milei’s dollarisation plans

05-10-2023 00:45 Argentina’s economy is set to contract 2.5% in 2023, according to the World Bank.

IMF says Argentina’s spending adds risks to US$44-billion deal

28-09-2023 15:41 “The recently adopted policy measures and announcements add to Argentina’s challenges,” IMF chief spokesperson Julie Kozack said at a press conference in Washington.

Former IMF board member backs Milei’s dollarisation of Argentina

21-09-2023 23:14 Mark Rosen, a former US official on the IMF's board from 2019 to 2021, offers rare show of establishment support for Javier Milei's dollarisation proposal.

Milei’s former billionaire boss praises his Argentina contender

21-09-2023 09:58 Eduardo Eurnekian, an Argentine billionaire and former boss of presidential frontrunner Javier Milei, praised contender Patricia Bullrich while stopping short of offering his explicit backing ahead of the country’s general election in October.

Argentina’s dollarisation is a ‘bad idea’, top economists say

07-09-2023 13:13 Dollarising Argentina’s economy — as proposed by presidential candidate Javier Milei — is a bad idea that will do little to solve the country’s long-standing fiscal problems, three of Latin America’s most-renowned economists said.

Milei in talks to win foreign financing to dollarise economy

07-09-2023 12:51 Javier Milei is in talks with investment funds abroad to obtain the foreign currency needed to dollarise the economy if elected later this year, reveals top adviser Diana Mondino.

Ramiro Marra: ‘Dollarisation would take between nine months and two years’

31-08-2023 14:32 La Libertad Avanza’s mayoral hopeful for Buenos Aires City puts timescale on Javier Milei’s plan to adopt the greenback, but presidential candidate says it will “depend on the people.”

​​Inflation at 100% has Argentines demanding pay in US dollars

23-08-2023 14:12 The use of the dollar, while hardly new in Argentina, is exploding across the country today as inflation soars and destroys the value of the peso.

'A complete reform of the State': Milei presents plan for government

03-08-2023 15:45 Libertarian presidential hopeful outlines ideas for privatisation of healthcare, education and public works projects. Milei intends to slash government portfolios, unifying ministries while eliminating the Central Bank.

Electoral platform: Dollarisation, privatisations, guns, no sexual ed

18-05-2023 15:33 Leaked electoral platform presented by libertarian lawmaker to Judge María Servini features more than 60 proposals he aims to put into practice if he becomes president.