Argentine Business Leaders Wary of Milei's Full Dollarization Plan, Prefer Bullrich's Bi-Monetary System

Corporate Argentina strongly against full dollarization proposed by presidential frontrunner Javier Milei, according to 125 business leaders surveyed.

At major summit, only 2 supported full dollarization. About two-thirds backed bi-monetary system proposed by candidate Patricia Bullrich.

Almost a third favored keeping the peso despite slides and high inflation. Companies cite issues seen in fully dollarized economies.

Strong business opposition highlights challenge Milei would face pushing dollarization plans, which include eventually closing central bank.

In survey, 80% prefer Bullrich, 11% favor ruling coalition's Sergio Massa, just 7% back Milei.