Prices soar in Argentina after Milei’s currency devaluation (english.elpais.com)

submitted 11 months ago by alyaza@beehaw.org to c/news@beehaw.org

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[-] statist43@feddit.de 6 points 11 months ago

So having US cemtral bank controlling the own currency.

Very well tgought through

[-] Nighed@sffa.community 1 points 11 months ago* (last edited 11 months ago)

If they dump their currency and use USD, then as long as there arnough dollars around it solves inflation right? (Their economy is a blip to the Goliath that is USD)

But if that's the case, then their currency is useless as everyone knows if will have zero value at all in a few months/years.

It does mean they can't print money to get out of trouble though.... Not that that was going well for them before.

this post was submitted on 16 Dec 2023

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