Argentina’s chronically undisciplined monetary and fiscal policies have resulted in economic stagnation and recurring debt crises, devaluations, and defaults. This year, the inflation rate has surpassed 100 percent. The leading presidential candidate, Javier Milei, has proposed dollarization as a necessary policy to fix the economy. Economist Emilio Ocampo, Milei’s adviser on dollarization, will explain the need for Argentina to replace the peso with the dollar and discuss how the country can accomplish that goal. He will address issues related to monetary sovereignty, the sufficiency of reserves to carry out the reform, and central bank debt. Manuel Hinds will draw on the successful dollarization of El Salvador that he implemented in 2001 and that of other dollarized countries in the region to provide remarks on the particular case of Argentina.

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