💨 Abstract

Luis Secco, an economic and financial consultant, discussed the concept of "endogenous dollarization" with CNN Radio Argentina. This process involves gradually substituting the Argentine peso with the U.S. dollar for transactions, as dollars are already used for savings. Secco emphasized the need for policy changes to facilitate this transition and restore confidence in the economy. He highlighted the role of political leadership in approving necessary laws and warned about the risk of Argentina facing another year without a budget.

Courtesy: wtop.com