Argentina’s Libertarian President, Javier Milei, is close to replacing the Peso with the US Greenback. Calling the Argentine Peso a ‘museum piece,’ Milei believes hard economic shock therapy and adopting the US dollar will calm one of the most volatile economies in the world.

The government’s plan to adopt the dollar, privatize key industries and slash spending in key sectors has brought about protests across the country.

Demos Hammond asked ANU’s Dr Constanza Sanhueza why Milei’s plan to adopt the greenback is so controversial.

Image: Shutterstock: Fabricio Nicholas Fischer

Produced By: Demos Hammond

Featured In Story: Dr Constanza Sanhueza, Lecturer in Political Science ANU

First aired on The Wire, Friday 5 July 2024