News of dollarisation

Milei lays out blueprint toward dollarisation

23-05-2024 01:31 Milei says that after clearing the Central Bank’s balance sheet, Argentina would move toward a free competition of currencies, which means the peso and US dollar would both become legal tender.

Milei sees long slog ahead to bring Argentina reforms he pledged

05-04-2024 11:14 While Milei made shutting down the Central Bank and dollarising the economy centrepieces of his political campaign, he acknowledges plans are going to take a lot longer than he expected. 

President Milei blasts inflation data, focused on reforms

15-02-2024 11:36 President Javier Milei blasts Argentina’s monthly inflation figure of 20.6% in January as “horrendous.”

Milei sets June deadline for lifting of capital controls

08-02-2024 06:24 Casa Rosada has a list of conditions required and assures that the dollar can be kept to around 1,000 pesos.

JP Morgan warns of dollarisation risks under Milei government

10-01-2024 16:01 US investment bank warns of risks of Javier Milei’s plans to eliminate the peso, warning congressional weakness may block attempts to “de-Peronise” Argentina.

Argentina still plans to dollarise, Milei’s economy chief says

15-12-2023 09:13 “The objective remains the same — to get to dollarisation,” declares Economy Minister Luis Caputo.

Milei's dollarisation plan has Latin American precursors

20-11-2023 18:27 Javier Milei ran his campaign on promises to ditch the peso for the US dollar and do away with a Central Bank – all in the name of subduing rampant inflation.

Milei confirms dollarisation is a non-negotiable 'state policy'

02-11-2023 18:29 Presidential candidate for La Libertad Avanza says he won’t back down on two key policies – dollarisation and the elimination of the Central Bank – despite electoral pact with PRO leaders Mauricio Macri and Patricia Bullrich.

Peru’s Velarde says Argentines should be free to choose currency

06-10-2023 14:03 Julio Velarde, Latin America’s longest-serving central bank chief, says "people should choose what currency they want to keep their money in."

Peso tumbles with dollarisation rush amping up before vote

05-10-2023 17:25 Argentina’s peso is tumbling as Argentines rush to exchange pesos for dollars ahead of presidential elections later this month, posting its worst losses since an August sell-off.  

Ualá CEO says Argentina dollarisation ‘positive’ for lending

25-09-2023 15:30 Javier Milei’s proposal to dollarise the economy would be positive for long-term lending, according to Pierpaolo Barbieri, chief executive officer of fintech company Ualá.

How Javier Milei would cut Argentina spending by 14% of GDP

25-09-2023 09:15 Javier Milei’s fiscal belt tightening would focus on slashing expenditures on subsidies for utility bills, like gas, electricity and water, as well as federal government transfers to poor provinces.

Milei should dollarise Argentina at once, says man who did it in Ecuador

13-09-2023 14:15 Francisco Zalles, one of the few economists in world with experience of introducing dollarisation, is gung ho about libertarian frontrunner’s plan. Do it, and do it quick, he says.

Argentina economists lambast dollarisation proposal as ‘mirage’

11-09-2023 11:38 Economists lambast Javier Milei's proposal to dollarise the nation, calling the idea a mirage and warning it would spawn a new set of challenges. 

Milei, telepathic conversations with dogs and mental health

02-09-2023 06:17 Beyond allegedly having telepathic conversation with living and dead animals, God and historical economists, Milei has an extremely short fuse, quickly escalating into a level of rage that is uncommon in someone expected to lead in times of crisis.

by Agustino Fontevecchia

Voters toy with ditching pesos for dollars

01-09-2023 15:21 In inflation-hit Argentina, where rentals, cars, and appliances are increasingly priced in dollars to sidestep the volatile peso, presidential candidate Javier Milei has sparked debate over whether to officially adopt the currency as a remedy to a battered economy.

How Javier Milei plans to dollarise Argentina

17-08-2023 15:06 Javier Milei wants to turn Argentina into the world’s biggest dollarisation experiment.

Milei vows to pay country’s debt while shuttering the Central Bank

16-08-2023 21:45 Presidential candidate reiterates criticism of Central Bank and says fiscal plan will create financing; Sovereign bonds have sold off since unexpected result.

Bucking the trend or a new weight for the peso?

29-04-2023 05:41 The giddy oscillations of parallel exchange rates and the relentless acceleration of prices are moving too fast to leave any margin for gradualism, thus making shock treatment inevitable.

Hanging on in quiet desperation

29-04-2023 05:35 The chain of events that will be most consequential in delivering the next inhabitant of the Casa Rosada have already been set in motion. They are irreversible.

by Agustino Fontevecchia