Answered

Explore Westonci.ca, the leading Q&A site where experts provide accurate and helpful answers to all your questions. Join our platform to connect with experts ready to provide detailed answers to your questions in various areas. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

What's the rationale for adopting the US dollar as "legal tender" in Argentina?

Sagot :

Gibbs
Adopting the US dollar as "legal tender" in Argentina and in other countries is a specific currency policy that is called "dollarization." This fixed currency policy uses the currency of a foreign country that is believed to be more stable because of previous domestic currency problems such as hyper inflation. The goal is to stabilize the country's economy by substituting another currency for their own currency. 
We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.