The measures legalize transactions in foreign currencies (including the US dollar and other currencies) for both individuals and businesses, effectively institutionalizing partial dollarization.
Posted by Superfan234
The measures legalize transactions in foreign currencies (including the US dollar and other currencies) for both individuals and businesses, effectively institutionalizing partial dollarization.
Posted by Superfan234
6 Comments
Well that’s…interesting. Chainsaw man meets communism?
I can’t say much about the world, but here in LATAM, there is some crazy developments in the past months.
Also, we got dollarization for Cuba, before Milei in Argentina jajajs
!ping Latam
This was one of the strangest headlines I’ve ever read and I needed to re-read it a few times, completely unexpected 😭
Having lived through partial dollarization in Venezuela this is both a blessing (it slows down inflation and eases handling everyday transactions) and a curse (wages do not necessarily go up and the dollar is weakening rn)
Overall, not that great if they cannot commit to real free market reforms or have the heavier sanctions lifted.
Remember there was that effort post a year or so ago that insisted that Cuba was about to collapse?
Broke: the world is moving away from the USD
Woke: Cuba dollarizing