Milei Proposes Dollarization for Argentina, But Experts Skeptical of Plan Without Fiscal Reforms
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New president Javier Milei favors dollarization to address inflation, but experts doubtful it will work.
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Argentina lacks enough dollars to fully back switch from peso.
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Prior "convertibility plan" pegging peso to dollar worked initially but collapsed in early 2000s.
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Dollarization provides some stability but insufficient without fiscal reforms.
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Critics say dollarization no "silver bullet" for growth and sound fiscal policies still needed.