Shardikprime@lemmy.world to World News@lemmy.worldEnglish · 1 month agoArgentina inflation slows to 4% in July after spiking month earlierwww.reuters.comexternal-linkmessage-square10fedilinkarrow-up141arrow-down17
arrow-up134arrow-down1external-linkArgentina inflation slows to 4% in July after spiking month earlierwww.reuters.comShardikprime@lemmy.world to World News@lemmy.worldEnglish · 1 month agomessage-square10fedilink
minus-squareDarkCloud@lemmy.worldlinkfedilinkEnglisharrow-up9arrow-down1·1 month agoThe Argentine Peso is pegged to the US dollar.
minus-squareGsus4@mander.xyzlinkfedilinkEnglisharrow-up3·edit-21 month agoYeah, it seems to have worked as expected. Dollarization works to reduce inflation. Now it comes down to a choice: do you impose capital controls and leave monetary sovereignty to the US? (or something hybrid to facilitate import/export) https://en.wikipedia.org/wiki/Impossible_trinity
minus-squareAvid Amoeba@lemmy.calinkfedilinkEnglisharrow-up2·1 month agoTo some it isn’t obvious that free capital flow is a bad idea for multiple reasons.
minus-squareGsus4@mander.xyzlinkfedilinkEnglisharrow-up2·1 month agoDamn right, thanks for fact checking. I assumed they had a peg, but there is still a linear relation of 15 ARS/USD/month
The Argentine Peso is pegged to the US dollar.
Yeah, it seems to have worked as expected. Dollarization works to reduce inflation. Now it comes down to a choice: do you impose capital controls and leave monetary sovereignty to the US? (or something hybrid to facilitate import/export)
https://en.wikipedia.org/wiki/Impossible_trinity
To some it isn’t obvious that free capital flow is a bad idea for multiple reasons.
Not really.
Damn right, thanks for fact checking. I assumed they had a peg, but there is still a linear relation of 15 ARS/USD/month