Updated Nov. 20, 2023 10:16 am ET
BUENOS AIRES— The self-styled anarcho-capitalist who won Argentina’s presidency on Sunday plans to ditch his nation’s peso and adopt the U.S. dollar as the national currency.
President-elect Javier Milei’s top campaign proposal was aimed at eradicating rampant inflation that has for decades ravaged South America’s second-biggest economy by removing the battered national currency from circulation and stripping the central bank of its power to print money. Uncontrolled money-printing to cover public expenditures, economists say, has fueled 143% inflation, one of the world’s highest.
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