Argentine Business Leaders Wary of Milei's Full Dollarization Plan, Prefer Bullrich's Bi-Monetary System
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Corporate Argentina strongly against full dollarization proposed by presidential frontrunner Javier Milei, according to 125 business leaders surveyed.
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At major summit, only 2 supported full dollarization. About two-thirds backed bi-monetary system proposed by candidate Patricia Bullrich.
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Almost a third favored keeping the peso despite slides and high inflation. Companies cite issues seen in fully dollarized economies.
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Strong business opposition highlights challenge Milei would face pushing dollarization plans, which include eventually closing central bank.
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In survey, 80% prefer Bullrich, 11% favor ruling coalition's Sergio Massa, just 7% back Milei.
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