De-dollarization is the process of reducing the dominance of the US dollar in global trade and financing activities. Recent data shows that other currencies are gaining ground, and the US dollar ...

Argentine inflation is running at over 140 percent; it is in default and unable to repay its external creditors; and the economy is set to enter a steep recession.

The de-dollarization of the world economy has been thrust back into the spotlight with the BRICS summit, which took place in Johannesburg, South Africa, earlier this month. While lacking a spot on ...

What is missing from the dollarization critics’ polemics is any grasp of basic economic principles, common sense, other countries’ experiences with dollarization, and an understanding of ...

Official dollarization addresses the inflation, while fiscal reform that increases tax revenues and reduces spending addresses Argentina’s growing debt.

The government of Javier Milei won’t lift currency controls immediately after taking office on Dec. 10, while keeping dollarization as a medium-term goal for Argentina, a key member of the ...

L ast week, Javier Milei, an unconventional politician and economist, shocked the world by coming in first place in Argentina’s presidential primary, with 30 percent of the vote. The general ...

Cuba opens first grocery store accepting U.S. currency in two decades Partial dollarization aims to fix economy amid U.S. trade embargo Growing inequality between those with and without foreign ...

Despite all the enthusiasm for de-dollarization, the confab’s organizers advised attendees to bring greenbacks (or euros) with them to the city on the Volga. (Non-Russian Visa cards won’t work ...

Wonking Out: De-Dollarization Debunked. July 7, 2023. Credit... Illustration by Sam Whitney/The New York Times; images by Matt Anderson Photography and vuk8691/Getty Images. Share full article. 206.