Forget de-dollarization – Argentina may adopt the greenback as its currency and abandon the peso

Detail as a worker separates the 500 Argentine peso notes before being sent to the final counting machine and quality control at Casa de Moneda on August 14, 2020 in Buenos Aires, Argentina. Ricardo Ceppi/Getty Images Argentina’s presidential front-runner wants to do away with the peso and install the US dollar. Javier Milei has said this could help tame inflation, which hit 109% in May. If Argentina adopts the greenback, it would become the biggest economy to dollarize. While some emerging economies have demonstrated an eagerness to untangle themselves from the dollar’s dominance, Argentina may go in a radically different…