Shuttering their central bank and converting to dollars… Meaning they aren’t actually getting rid of a central bank, but are rather converting to a foreign central bank.
No it’s worse than that. How are they going to purchase enough dollars to replace their own currency? No one is going to give Argentina a loan to do this.
Shuttering their central bank and converting to dollars… Meaning they aren’t actually getting rid of a central bank, but are rather converting to a foreign central bank.
No it’s worse than that. How are they going to purchase enough dollars to replace their own currency? No one is going to give Argentina a loan to do this.
This project is doomed before it starts.