Milei Proposes Dollarization and Central Bank Shutdown to Tackle Argentina's Soaring Inflation and Currency Woes

Leading Argentine presidential candidate Javier Milei wants to dollarize economy and shut central bank to curb inflation.

Peso under historic pressure; gap between official and black market FX rates over 150%.

Next government faces challenges managing debt, deficit, inflation regardless of election winner.

IMF program at risk; potential 10th debt default in coming years.

Unclear FX and capital controls policies add uncertainty for local and international investors.