Argentina’s new president wants to adopt the US dollar as the national currency

President-elect Javier Milei. (Image: Getty)

Tue, 21 Nov 2023

The self-styled anarcho-capitalist who won Argentina’s presidency on Sunday plans to ditch his nation’s peso and adopt the US dollar as the national currency.President-elect Javier Milei’s top campaign proposal was aimed at eradicating rampant inflation that has for decades ravaged Latin America’s third-biggest economy by removing the battered national currency from circulation and stripping the central bank of its power to print money. Uncontrolled money-printing to cover public expenditures, economists say, has fu...

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