#Dollarization: When a country adopts the US dollar as its official currency.

Pros:

* Stabilizes the economy

* Reduces inflation

* Improves trade

* Makes it easier to do business

Cons:

* Loss of sovereignty over monetary policy

* Increases reliance on the US economy

* Can be difficult to implement

🇦🇷 there are better options! #bitcoin

https://youtu.be/DX3YJC2AI-o?si=7ru-gldVVAMK7nOM

Reply to this note

Please Login to reply.

Discussion

No replies yet.