Dollarizing Argentina
Planet Money21 Joulu 2023

Dollarizing Argentina

Argentina has been on a decades-long search for economic stability, but it always seems to be out of reach. High inflation has been plaguing the country and just surpassed 160% a year.

Over the past couple of years, the local currency has collapsed. One U.S. dollar used to be worth 20 Argentinean pesos in 2018. Today, one U.S. dollar is worth 1,000 pesos on the black market. And that means for Argentineans, the real prices of everything — from groceries to gas — have spiked.

In a country where the local currency is in free fall, promising to replace that currency with the US dollar can seem like a magical solution.

Argentina's new president, Javier Milei, won in part by promising to do just that - to dollarize. To scrap Argentina's peso and replace it with the relatively stable, predictable, boring United States dollar.

On today's show, what does dollarizing mean? Why dollarize, how to do it, and will it even work?

For more:
A black market, a currency crisis, and a tango competition in Argentina (Apple, Spotify, NPR)
Venezuela's Fugitive Money Traders
Why Ecuador Uses The Dollar? : The Indicator from Planet Money

Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.

NPR Privacy Policy

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(355)

It’s my tree. Why can’t I cut it down?

It’s my tree. Why can’t I cut it down?

Can the government stop you from cutting down your own tree? In many towns and cities these days, removing a tree now requires a permit. You might have to pay a fee, or promise to plant replacement tr...

12 Kesä 25min

Two indicators for lowering the rent

Two indicators for lowering the rent

One specific type of affordable housing used to be popular in American cities, kept rents low, then nearly vanished. Is it time to reconsider boarding houses and single room occupancy units? If they l...

10 Kesä 17min

Why is there a supplement craze if they don’t even work?

Why is there a supplement craze if they don’t even work?

One reason the $70 billion supplement industry is set to double in the next seven years? Lax regulation.On today's show, we tell the story of a century-long battle between the U.S. government and … yo...

5 Kesä 34min

There's no business like dough business

There's no business like dough business

Have you ever walked around a street, mall, or airport and noticed two or three of the same franchise restaurant within walking distance? Why might one Starbucks or McDonald’s or Wetzel’s Pretzels som...

3 Kesä 27min

The sneaky way companies get new chemicals into our food

The sneaky way companies get new chemicals into our food

99% of chemicals in our food right now were added without FDA approval. Many were added in secret, through a sneaky loophole built into the 1958 Food Additives Amendment.It was supposed to require FDA...

29 Touko 35min

The leaked tapes that show how the rich avoid taxes

The leaked tapes that show how the rich avoid taxes

Tax avoidance -- that is, legally reducing your tax bill -- is as American as apple pie. But the line between tax avoidance and tax evasion is often a grey one. On today’s show, a collaboration with T...

27 Touko 26min

The giant factory town that might be a giant mistake

The giant factory town that might be a giant mistake

How does a poor country become a rich country? There's a simple blueprint — or at least, that's what many economists used to believe. But over the years, a lot of rapidly developing economies have sta...

22 Touko 26min

Vacation and why Americans take so little

Vacation and why Americans take so little

Do you work more for more money? Or work less for more time? For some, this is the ultimate economic choice. Every single worker in the European Union is guaranteed four weeks of paid vacation. No mat...

20 Touko 25min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
psykopodiaa-podcast
rss-rahapodi
mimmit-sijoittaa
rss-oivalluksia-rahasta-elamasta
asuntoasiaa-paivakirjat
oppimisen-psykologia
hyva-paha-johtaminen
rss-myynnilla-on-asiaa-kert-kenner
rss-ainin-sekatoimisto
herrasmieshakkerit
pomojen-suusta
pari-sanaa-lastensuojelusta
rss-rahamania
rss-set-for-life-sijoita-ja-vaurastu
rss-kohti-unelmia
rss-paasipodi
rss-raharadio
rss-yritys-ja-erehdys
rss-tyosuhteessa