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Let's see what happens. The big issue is government spending which causes the printing of more money which leads to inflation. Changing to the dollar will help

Let's see what happens. The big issue is government spending which causes the printing of more money which leads to inflation. Changing to the dollar will help but it's going to lead to many government programs ending and a lot of misery for many in the lower rung of the economy. It sounds like a good fix but eventually, we'll see people demonstrating against the government and asking for change. That will be the real test to see if they can really follow the reforms they voted for today. I suspect we'll be seeing a back tract to the same. I wish them luck.

cassianoleal 3y ago
> Changing to the dollar will help I fail to see how that would work. Argentina doesn't have a lot of US$ reserves. In order to have currency circulating, they're going to have to get a lot more. How? By purchasing it with AR Pesos? But they won't have those either without a central bank.
- WheelsAtLarge 3y ago
  Pegging goods directly to the dollar will help with inflation. People will earn relative to the dollar and price goods relative to the dollar not the peso so people will see the prices go up at a slower pace. Inflation is partly due to the anticipation of prices going up. It's a psychological fix. As time continues more dollars will get into the economy and the move to dollar will may be possible. It's a longer term solution. Also the central bank won't go away tomorrow if ever. The man is a president not a dictator so he still needs to deal with the rest of the government to get things done. He may want to get rid of the central bank but I doubt everyone will go with his ideas. It's only a possibility not a definite. People think he will do all the changes on day one but it's going to be years if ever.