Mobius: Dollarizing Argentina's Economy Could Provide Incredible Boost, But Milei Faces Hurdles
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Veteran investor Mark Mobius says dollarizing Argentina's economy would provide an "incredible boost" and dramatically lower inflation.
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Mobius acknowledges that formal dollarization depends on president-elect Javier Milei getting political allies in Congress.
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Mobius endorses Milei's plan to dismantle Argentina's central bank.
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Critics argue dollarization could trigger a recession due to limited dollar reserves, but Mobius says Argentines hold plenty of dollars offshore.
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Mobius warns that sky-high inflation makes investing in Argentina "dangerous" currently.