<center>https://i.imgur.com/e9gVHcg.jpg</center> [Adam Nir | Unsplash](https://unsplash.com/es/fotos/un-primer-plano-de-un-billete-de-un-dolar-wTO6MWpMrJk) --- <div class="text-justify"> <div> Lately I have been wondering the following. How difficult is it for a country to undergo a complex process of dollarization? Argentina is one of the countries that has entered a state of emergency due to high levels of inflation. It is estimated that the inflation rate for the month of January was 20.6%, while in the year 2023 it accumulated to 254.2%. As expected, the price of basic goods has increased exponentially, posing a serious problem that affects the economic and financial situation of every family. Something that I found really striking was that when going to the supermarket, the price tags attached to the products are constantly being replaced by others. It also happens that if one, for example, tries to buy a portion of cheese with a certain price, when they go to the cashier they will try to charge a different, much higher price. In my case, I saw that the product label said $3300 ARS, but when I got to the cashier they told me that the shelf price was $5600 ARS for a quarter of cheese. I also noticed very high price increases in hygiene products, such as the top brand shampoo, which went from being $2400 ARS to $6700 ARS for 400 ml. Everything indicates that if sufficient measures are not taken, inflation will turn into hyperinflation. This term means that the inflationary increase would be even greater, reaching unsustainable levels. The problem is that printing more banknotes means increasing that level, and for that reason, the president wants to eliminate the Central Bank of the Republic of Argentina. Although for the moment, he needs it to fulfill obligations. But let's go back to dollarization. If it happens, it would mean the end of inflation as we know it. President Javier Milei estimates that it won't be long until the process begins, and that they have managed to obtain the sum of 5 billion dollars, with a monetary base of about 7.5 billion dollars, which would be the minimum to start dollarizing. --- <center>https://i.imgur.com/7eAsW7u.jpg</center> [Sean Pollock | Unsplash](https://unsplash.com/es/fotos/foto-de-angulo-bajo-de-edificios-de-gran-altura-de-la-ciudad-durante-el-dia-PhYq704ffdA) --- The interesting thing is that they are looking for investment options, such as considering BlackRock. The president has had a conversation with Larry Fink, where supposedly the intention to buy Argentine companies through privatization was valued. Another thing that surprised me was that Forbes has made a video about the immediate request to start the dollarization process, because if it is not done, there will be no success. He also mentioned that the government already has enough dollars. In my opinion, it may be so, but I suppose that there must also be a regulatory process and measures that correspond to the law here or in the United States. The truth is that time will tell if it was a good idea or not and how much we will be able to adapt once it has happened. For now, our national currency constantly loses its value to the point that physical money (bills) is no longer being used; I have even been looked at strangely for paying with them and required to make the payment digitally. --- <center>### Happy LPUD to everyone! </center> I take this last part of the article to tell you that I have PowerUPed 155 LEO. It turns out that I had about 50 liquid LEO, so yesterday I bought 100 more to complete the 150 LEO and stake. So as of today, I have a total of 1,355 LEO, with the goal of reaching 2K. --- <center>https://i.imgur.com/rbpuwp4.png</center> --- I am seriously considering delegating to leo.voter (like in the old days), although at the moment I need to finish a strategy that I am carrying out, but if I do, I will do it without any doubt, because it represents a great opportunity to scale the LP. For now, all the LEO that I generate, I will stake, so I will be getting closer and closer to the goal. InLeo is now giving a maximum of 22% APR for delegating Hive Power and also having an active premium membership. I believe that the opportunities are really huge and everything becomes a win-win. Don't hesitate and be part of something great! </div> --- <center>https://i.imgur.com/STwJVwp.png</center> - I have consulted information at infobae.com: [I](https://www.infobae.com/economia/2024/02/14/la-inflacion-de-enero-fue-206-y-acumulo-2542-en-el-ultimo-ano/), [II](https://www.infobae.com/economia/2024/02/12/carta-abierta-del-editor-de-forbes-a-javier-milei-si-no-dolariza-la-economia-de-inmediato-no-tendra-exito/). - Main image edited with the online tool Canva. - I have translated from Spanish to English with Hive Translator. Posted Using [InLeo Alpha](https://inleo.io/@vikvitnik/how-complex-is-the-dollarization-process-in-argentina-lpud-section) Posted Using [InLeo Alpha](https://inleo.io/@vikvitnik/how-complex-is-the-dollarization-process-in-argentina-lpud-section)
author | vikvitnik | ||||||
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permlink | how-complex-is-the-dollarization-process-in-argentina-lpud-section | ||||||
category | hive-167922 | ||||||
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---|---|---|---|---|---|
onealfa | 0 | 161,352,335,504 | 11.1% | ||
alz190 | 0 | 495,694,041 | 18.5% | ||
bigtakosensei | 0 | 2,365,195,205 | 1.85% | ||
pouchon | 0 | 305,288,478,822 | 18.5% | ||
joeyarnoldvn | 0 | 471,375,974 | 1.47% | ||
rodent | 0 | 8,187,002,098 | 33.3% | ||
tariksaran | 0 | 486,802,517 | 6% | ||
mytechtrail | 0 | 4,160,496,789 | 3.7% | ||
kevmcc | 0 | 76,549,312,370 | 30% | ||
ericburgoyne | 0 | 1,690,663,163 | 3.7% | ||
russellstockley | 0 | 35,692,435,387 | 30% | ||
flaxz | 0 | 1,069,916,682 | 1.11% | ||
teamvn | 0 | 7,288,117,095 | 5.83% | ||
oakshieldholding | 0 | 5,085,308,923 | 37% | ||
guurry123 | 0 | 1,189,849,486 | 2.22% | ||
khan.dayyanz | 0 | 6,615,554,113 | 5% | ||
shainemata | 0 | 33,073,334,758 | 10% | ||
jacuzzi | 0 | 7,258,472,356 | 9.25% | ||
binance2 | 0 | 73,776,339,512 | 11.1% | ||
vault3 | 0 | 9,800,872,075 | 11.1% | ||
thisisawesome | 0 | 126,341,289,204 | 15% | ||
gurseerat | 0 | 2,142,347,007 | 5.92% | ||
mindtrap-leo | 0 | 1,272,563,119 | 37% | ||
onealfa.leo | 0 | 5,430,649,369 | 11.1% | ||
taskmaster4450le | 0 | 1,316,592,280,249 | 37% | ||
maddogmike | 0 | 7,347,483,417 | 5.92% | ||
clicktrackprofit | 0 | 7,690,353,003 | 4.62% | ||
lisamgentile1961 | 0 | 63,965,164,481 | 30% | ||
curtawakening | 0 | 577,224,664 | 7.4% | ||
iamraincrystal | 0 | 4,043,492,163 | 3.7% | ||
bradleyarrow | 0 | 6,568,721,476 | 7.4% | ||
pouchon.tribes | 0 | 20,983,753,079 | 29.6% | ||
lnakuma | 0 | 9,117,533,569 | 37% | ||
rcaine | 0 | 3,478,892,038 | 2.22% | ||
bilpcoinbpc | 0 | 820,569,780 | 5% | ||
hirohurl | 0 | 1,311,975,709 | 1.85% | ||
globalcurrencies | 0 | 1,793,071,946 | 25.9% | ||
invest4free | 0 | 3,729,198,601 | 15% | ||
cavart | 0 | 1,515,768,105 | 100% | ||
aslehansen | 0 | 2,500,438,596 | 7.4% | ||
cmplxty.leo | 0 | 1,109,389,211 | 18.5% | ||
eddie-earner | 0 | 1,362,726,302 | 37% | ||
officialhisha | 0 | 2,399,274,762 | 5.55% | ||
ctptalk | 0 | 80,932,372 | 9.25% | ||
lbi-token | 0 | 87,208,434,407 | 37% | ||
hive-112281 | 0 | 660,765,720 | 3.7% | ||
godfather.ftw | 0 | 3,732,955,785 | 5% | ||
pvmihalache | 0 | 5,081,716,519 | 7.4% | ||
hykss.leo | 0 | 56,015,340,956 | 5.55% | ||
elgatoshawua | 0 | 4,939,800,732 | 18.5% | ||
alokkumar121.leo | 0 | 1,233,151,164 | 100% | ||
twicejoy | 0 | 774,680,341 | 3.7% | ||
robmojo.leo | 0 | 646,292,857 | 18.5% | ||
jocieprosza.leo | 0 | 2,552,575,589 | 37% | ||
cryptoccshow | 0 | 578,183,873 | 4.62% | ||
foreverhero | 0 | 10,064,163,921 | 100% | ||
rzc24-nftbbg | 0 | 1,073,660,202 | 3.7% | ||
agreste | 0 | 225,540,557,504 | 100% | ||
alovely088 | 0 | 670,079,272 | 1.48% | ||
trasto | 0 | 440,413,003 | 11.1% | ||
amakauz | 0 | 676,591,579 | 3.7% | ||
ingenieria | 0 | 0 | -100% | ||
jmis101 | 0 | 2,120,170,004 | 5% | ||
belug | 0 | 177,081,535,397 | 100% | ||
herculeand | 0 | 1,005,243,759 | 7.4% | ||
kalibudz23 | 0 | 255,845,903 | 100% | ||
skiptvads | 0 | 28,648,005,970 | 11.9% | ||
town-hall-voter | 0 | 63,186,562,930 | 37% |
Wow!! I had no idea about the high profits that you could generate with Leo, I’ll consider to delegate as well. I believe that the dollarization process in this fast way, will hit many people in the country, including individuals and small and medium size companies. I hope everything works as healthy (economically speaking) as possible. Thanks a lot for sharing your opinion!
author | belug |
---|---|
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Yes, it is really a very good opportunity to delegate your HP and keep it active by generating rewards! I think the same thing but you have to see how you face the problem. I just hope it comes out well to pull it off. Thanks to you! 😊
author | vikvitnik |
---|---|
permlink | re-belug-2r4vke69d |
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created | 2024-02-17 00:29:33 |
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President Millei seems open to cryptocurrency adoption in his speeches. I guess the dollarization is a step to quickly get some normalcy to the economy and emotions of the citizens before trying anything too creative and risky to better secure financial future of argentinians. Blackrock's potential investment in Argentina is a move that could be viewed as signing a pact with the devil but it just may save the country further decline in the short term.
author | kalibudz23 |
---|---|
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created | 2024-02-16 02:14:00 |
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I like that the president is in favor of cryptocurrencies, at least it is one more way to manage our capital. BlackRock may be a good thing for investments but not so good for the country's sovereignty because several Argentine companies will become private.
author | vikvitnik |
---|---|
permlink | re-kalibudz23-2cdzog7wa |
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created | 2024-02-17 00:31:51 |
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ye. or if i can say it the last better: Argentine companies will be privately owned-perhaps become more efficient and profitable but the dark puppet master in the shadows will be Blackrock.
author | kalibudz23 |
---|---|
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created | 2024-02-17 02:48:54 |
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Something that will be difficult for government to capture in their data and projections is the effect of stablecoins such as HBD, USDC, and USDT in use in Argentina. Ultimately, these will assist with the dollarization of the economy. Private citizens can simply buy stablecoins over the internet without being hampered by trade imbalances that either import or export foreign currencies. However, there needs to be a large mass of Argentinians using stablecoins to make a meaningful impact.
author | shainemata |
---|---|
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created | 2024-02-15 23:55:30 |
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vikvitnik | 0 | 610,240,717 | 100% | ||
kalibudz23 | 0 | 249,834,886 | 100% |
Stable currencies will really help in this situation. I think there is a trend in saving on this with respect to other countries that are looking more for something volatile.
author | vikvitnik |
---|---|
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created | 2024-02-16 00:01:09 |
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