The Global Role of Bitcoin
The Breakdown
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The Pros and Cons of Dollarization in Argentina
Argentina's peso has depreciated 47% against the US dollar and inflation is running higher than 118% per year. Some pundits, politicians and local citizens are advocating for full-fledged dollarization as the solution. Given the inherent problems with the USD, perhaps a hybrid approach that implements the superior qualities of Bitcoin could serve Argentina better. To analyze this, let's take a look at Ecuador, which was one of the first Latin American countries to leave its national currency, the Sucre, and adopt US dollars in 1999.
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