HomeAbout

TL;DR CNBC


Crisis-stricken Argentina must dollarize and get rid of the central bank, veteran economist says - TL;DR CNBC

Crisis-stricken Argentina must dollarize and get rid of the central bank, veteran economist says

Publishing timestamp: 2024-03-14 19:15:51


Summary

Argentina's economy is struggling with high inflation, and there are calls to dollarize the economy, abolish the central bank, and privatize the pension system. Some experts believe that these measures could help stabilize the economy, while critics argue that it could strip the country of its national sovereignty. President Javier Milei has pledged to implement these policies, but faces challenges in gaining support from lawmakers.


Sentiment: MIXED

Tickers: .DXY

Keywords: u.s. dollarbusiness newsargentinapoliticsbreaking news: politicsdonald trumpdxy us dollar currency indexsouth america

Source: https://www.cnbc.com/2024/03/15/argentina-must-dollarize-and-abolish-the-central-bank-economist-says.html


Developed by Leo Phan