Milei Elected Argentinian President on Promise of Dollarization to Fix Inflation, Despite Economists' Warnings
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Javier Milei recently elected president of Argentina on platform of dollarizing economy to address inflation crisis
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Dollarization involves adopting the U.S. dollar as a country's official currency, replacing the domestic currency
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Three Latin American countries have already dollarized Panama, Ecuador, and El Salvador
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Argentina previously tried pegging its currency to the dollar under Carlos Menem, but this led to economic crisis in 2001
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Over 100 economists signed letter criticizing risks of dollarization, including loss of monetary sovereignty and fiscal flexibility