• psmgx@lemmy.world
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    5 months ago

    They’re an export economy, chosing USD is basically shooting those exports in the foot.

    • doylio
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      5 months ago

      I think his rationale is to take away monetary control from future administrations, which I think is a laudable goal. Argentina should be the richest country in South America, but its people keep getting robbed by the printing press. I wonder if going to a gold standard (or if they feel like rolling the dice, a Bitcoin standard) would be a better option.

      (Cue the anti-crypto arguments because I mentioned Bitcoin)

        • doylio
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          5 months ago

          Gold standard isn’t an odd choice, it was used for many thousands of years. It’s just odd today because no countries still use it.

          And while a Bitcoin standard sounds crazy, if you lived in Argentina, you’d probably rather keep your savings in Bitcoin (despite all its problems) than in the peso.

      • KinNectar@kbin.run
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        5 months ago

        Maybe a Swiss Franc or Japanese Yen peg might suit them better, if they could buy enough volume.

    • belated_frog_pants@beehaw.org
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      5 months ago

      I mean i still am. The poverty and ridiculous inflation has already been happening. Unemployment is staggering. They are not doing well :<. I feel for the people.

    • intelshillOP
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      5 months ago

      I’d rather take fucking Venezuela. BRICS is an uplifting mechanism as much as it is a global faction.

      Growth in trade amongst BRICS is immense and that’s exactly what Venezuela needs right now.