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Friday, June 09, 2023 3:41:56 PM
Following 95% inflation during 2022, Argentina introduces the new Dos Mil Peso note currently worth $11.
Argentina traditionally found few buyers for longer term Peso debt so owes $323 billion of debt priced in US DOLLARS.
Congressman Javier Milei, an economist running for President of Argentina, wants to replace the Peso with the US Dollar as Argentina's official currency. Argentina would become the largest economy to Dollarize.
Argentina traditionally found few buyers for longer term Peso debt so owes $323 billion of debt priced in US DOLLARS.
Congressman Javier Milei, an economist running for President of Argentina, wants to replace the Peso with the US Dollar as Argentina's official currency. Argentina would become the largest economy to Dollarize.
We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.
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