Shardikprime@lemmy.world to World News@lemmy.worldEnglish · 11 months agoArgentina inflation slows to 4% in July after spiking month earlierwww.reuters.comexternal-linkmessage-square8fedilinkarrow-up128arrow-down111
arrow-up117arrow-down1external-linkArgentina inflation slows to 4% in July after spiking month earlierwww.reuters.comShardikprime@lemmy.world to World News@lemmy.worldEnglish · 11 months agomessage-square8fedilink
minus-squareDarkCloud@lemmy.worldlinkfedilinkEnglisharrow-up8arrow-down1·11 months agoThe Argentine Peso is pegged to the US dollar.
minus-squareGsus4@mander.xyzlinkfedilinkEnglisharrow-up3·edit-211 months agoYeah, it seems to have worked as expected. Dollarization works to reduce inflation. Now it comes down to a choice: do you impose capital controls and leave monetary sovereignty to the US? (or something hybrid to facilitate import/export) https://en.wikipedia.org/wiki/Impossible_trinity
minus-squareGsus4@mander.xyzlinkfedilinkEnglisharrow-up2·11 months agoDamn right, thanks for fact checking. I assumed they had a peg, but there is still a linear relation of 15 ARS/USD/month
The Argentine Peso is pegged to the US dollar.
Yeah, it seems to have worked as expected. Dollarization works to reduce inflation. Now it comes down to a choice: do you impose capital controls and leave monetary sovereignty to the US? (or something hybrid to facilitate import/export)
https://en.wikipedia.org/wiki/Impossible_trinity
Not really.
Damn right, thanks for fact checking. I assumed they had a peg, but there is still a linear relation of 15 ARS/USD/month