CURRENCY NEWS
CURRENCY NEWS
IMF Reports On Argentina Dollarization
The IMF has finalized a report on the impact of dollarization on the Argentine economy, however, it made no recommendation that the country scrap the peso. Under the present currency board regime the peso is pegged at parity with the dollar and central bank foreign exchange reserves exactly match the number of pesos in circulation.
Dollarization--the removal of the peso and its substitution with the dollar as the national currency--has been a keenly debated
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