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Indonesia Introduces De-Dollarization Task Force
(www.aseanbriefing.com)
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this post was submitted on 15 Sep 2023
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politics
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Argentina had a unique situation where they forced Argentinians to use their currency by mandating a very unfavorable exchange rate for the US dollar. However, Argentina really likes American tourists and businesses spending their dollars in the country, so they had a different, more favourable, exchange rate for foreigners.
This caused a glitch in online credit card processing that resulted in people receiving a 40% discount on online purchases if they requested to pay in Argentinian pesos. The site would charge a high amount but their credit card statement would be a lower amount since the two used different exchange rates.
Yes for sure. The biggest threat is what happens if the US is no longer able to pay its debt, or it can't raise their debt ceiling and everything falling apart? The Fed's continued printing of money is worrying.