Brazil's real, not the dollar, could be the solution to Argentina's currency turmoil, an economist says

Argentina should consider pegging its currency to Brazil's real instead of the US dollar, as it would help address economic problems such as exchange-rate instability and hyperinflation, according to an economist.

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8/22/2023

Argentina needs a recession, not dollarization, to tackle the peso crash, an economist says

Argentina should focus on fiscal spending cuts and a recession rather than adopting the dollar as its currency to address the recent peso crash, according to an economist.

8/23/2023

Brazil proposes yuan guarantees in trade with Argentina amid dollar shortage

Brazil's finance minister has proposed using Chinese yuan guarantees to reduce trade risks with Argentina, as the country faces a dollar shortage and its currency, the peso, continues to perform poorly in the global market.

9/5/2023

Argentina should avoid dollarization as it can trap the country in Ecuador-like economic morass, one economist says

Argentina should avoid dollarizing its currency and learn from Ecuador's experience, as it could lead to a prolonged period of economic weakness, according to economist Robin Brooks.

9/7/2023

Argentina Faces Risk of Peso Devaluation After Presidential Election

Argentina's peso currency is at risk of another devaluation after the upcoming presidential election, with estimates suggesting a 16.6% devaluation in the three months following the vote.

9/13/2023

Argentina weighs pros and cons of ditching peso for dollar like Ecuador

Argentina's dollar scarcity should not prevent the country from adopting the dollar as its currency, according to economist Francisco Zalles, who believes that dollars would flow back into Argentina once it makes the switch and that Javier Milei's plan to dollarize would be successful. However, other commentators have warned that adopting the dollar without ample reserves could have catastrophic consequences.

9/18/2023

Canadian Business News Roundup: Clean Tech Funding in Limbo, Uruguay's Economy Grows Independent, Bank Closures and Job Cuts, Air Travel Complaint Backlog, Toronto Landlord's Electric Vehicle Ban Faces Legal Issues

Uruguay's central bank is thriving with low inflation, a strong currency, and a pivot towards interest rate easing, while Argentina's economy struggles, highlighting the diverging paths of the two neighboring countries.