Will Argentina ditch the peso for the dollar?

Bloomberg/Ignacio Olivera Doll/6-8-2023

“The front-runner in the presidential race says he would make the greenback the official currency and “blow up” the central bank.”

USAGOLD note: This isn’t the first Argentina has considered replacing the peso with the dollar. To do so, however, is to pull the plug on the printing press. Argentina could go from inflationary disaster to deflationary disaster overnight.

Argentina inflation and US dollar exchange rate

Source: TradingEconomics.com