this post was submitted on 11 Jan 2024
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[–] psmgx@lemmy.world 9 points 2 years ago (5 children)

They're an export economy, chosing USD is basically shooting those exports in the foot.

[–] doylio@lemmy.ca -5 points 2 years ago (4 children)

I think his rationale is to take away monetary control from future administrations, which I think is a laudable goal. Argentina should be the richest country in South America, but its people keep getting robbed by the printing press. I wonder if going to a gold standard (or if they feel like rolling the dice, a Bitcoin standard) would be a better option.

(Cue the anti-crypto arguments because I mentioned Bitcoin)

[–] KinNectar@kbin.run 1 points 2 years ago* (last edited 2 years ago)

Maybe a Swiss Franc or Japanese Yen peg might suit them better, if they could buy enough volume.

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