Argentina’s Milei in Talks to Win Foreign Financing to Dollarize Economy
- Presidential candidate seeking investment funds, adviser says
- Argentina would dollarize at parallel FX rate, Milei says
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Argentina’s presidential candidate Javier Milei is in talks with investment funds abroad to obtain the foreign currency needed to dollarize the economy if elected later this year, according to an economic adviser.
With net international reserves deep in the red, Argentina would benefit from amassing an initial stock of dollars to ensure its solvency before ditching the peso in favor of the US currency, economist Diana Mondino, one of Milei’s advisers, said on Wednesday.