Exploring Dollarization: A Strategic Economic Shift or a Fiscal Gamble?

. Argentina’s recent presidential election saw the victory of Javier Milei, whose unconventional and worrying views, such as his opposition to abortion and ambivalent attitude towards the military government, have drawn attention. His economic proposals, such as replacing the peso with the dollar and eliminating the Central Bank, have also been debated. Dollarisation can act as a solution to hyperinflation, incentivising the economy to focus on export successes and easing conditions for foreign capital. Experiences of some countries, such as Ecuador, hold out promise for the project of dollarisation, with the economy showing considerable progress since 2000. However, the adoption of an external currency without the ability to chart independent policy can be seen in the case of Greece, where crushing austerity was adopted in exchange for financial assistance. Dollarisation is not a silver bullet, but if used well in conjunction with nimble domestic policy, can offer a route to success.

5 Ways to Prevent Being the Victim of Financial Misselling

Investors must be wary of financial mis-selling tactics. Strategies to protect oneself include: avoiding high-pressure sales, asking pointed questions, verifying credentials of advisors, and seeking feedback from registered advisors. Ensure transparency in fees, costs, and charges, and understand risks associated with the investment. Read T&Cs and assess performance history before making decisions.

Black Friday and Cyber Monday 2023: Trends and Consumer Insights

Founded in 1951, Black Friday became a worldwide phenomenon attracting millions of sales to e-commerce and in-person purchases. Common discounted products range from household appliances, kitchen and gardening machinery to clothing, toys, jewelry and a wide range of technology items. According to the National Retail Federation (NRF), 196.7 millions Americans participated in purchases during 2022’s…

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