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Implications of new Argentinian President elect (alien.top)

submitted 11 months ago by ThrowItAwayAlready89@alien.top to c/digitalnomad@expats.zone

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Have yet to travel to Argentina myself, but I’d like to in 2024 for a couple of months at least.

I’m wondering if those of you who are familiar with the situation could share your thoughts on how the change in leadership may impact DNs.

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[–] Fictional-adult@alien.top 1 points 11 months ago (1 children)

IMO you won’t see a cap entirely removed. He will want average Argentinians to be able to convert all of their money, but theres a good chance he will burn the elite and turn a chunk of their money to toilet paper. There’s not a compelling reason to let them convert all of their money when you could just burn them reducing the money supply and combating inflation.

[–] awardsurfer@alien.top 1 points 11 months ago

I’m glossing over details. How they do it exactly we’ll have to wait and see. Dollarization wont fix everything. It’s main purpose right now is to stabilize inflation and the economy. But reforms to government , trade, etc are just as important.