Javier Milei’s push to dollarize the Argentine economy is in many ways a long shot. For starters, the political outsider still has to clinch victory in October’s presidential election. Once in office, he’d then have to overcome a slew of obstacles to scrap the peso as the country’s legal tender.
But the truth is many Argentines aren’t waiting around to see how it plays out. They’re dollarizing the economy on their own — one transaction and one contract at a time.
In industries such as technology and finance, skilled workers are demanding salaries be paid in dollars. Companies, including ...
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