|
|
What "Dollarisation" Entails*
|
|
|
Jan
8th 2024, Prabhat Patnaik
|
|
Argentina's
new president Javier Milei proposes to use US dollars
as the currency of his country, while abolishing its
central bank altogether. What is involved in this proposal
is not just maintaining a fixed exchange rate between
the dollar and the domestic currency, but an abolition
of the domestic currency altogether.
*
This article was originally published in the Peoples
Democracy on
January 7, 2024.
|
|
|
|
|
|
Click below
to get Adobe® Acrobat®
Reader®, a free
software that lets you view and print Adobe Portable
Document Format (PDF) files.
|
|
