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Re:Argentina's New President Wants to Adopt the Dollar as th... by xxs on Monday November 20, 2023 @10:38AM (#38349558)
>Bonus question: Why not Euros?

Euro is far, also Euro is far more left leaning (I guess) than the US (even democrats in the US would be considered right form the center in Europe). But the real issue would be the lack of currency reserves - least I'd think Argentina might have more Dollar notes than Euro ones.

Re:Argentina's New President Wants to Adopt the Dollar as th... by Dma54rhs on Monday November 20, 2023 @11:13AM (#38349920)
What on earth is a left leaning currency?
Re:Argentina's New President Wants to Adopt the Dollar as th... by dsr_ on Monday November 20, 2023 @11:44AM (#38350293)
Clearly, a left-leaning currency is one supported by an economy based on facts, and a right-leaning currency is supported by an economy based on feelings.

I don't know how this helps, though.

Re:Argentina's New President Wants to Adopt the Dollar as th... by cscurmudgeon on Monday November 20, 2023 @02:47PM (#38353475)
Fact:

Argentina's peso ("left-leaning fact-based" currency) went from worth 0.35 US dollars to now 0.0029 US dollars in less than 5 years.

Re:Argentina's New President Wants to Adopt the Dollar as th... by blipvert on Monday November 20, 2023 @12:52PM (#38351502)
The Euro is woke, don’tcha know /s
Re:Argentina's New President Wants to Adopt the Dollar as th... by xxs on Tuesday November 21, 2023 @04:24AM (#38361362)
The Euro and the eurozone (and the countries represent by) are related, along with its monetary policies. Similar to the USD (the dollar) - US is part of the name.

The elected president is on the quite right side of the spectrum, so associating with any left wing policies/countries would be very unlikely, given Argentina's currency dropped massively during the last years. He won vs a candidate who used to be a financial minister overseeing several hundreds percent inflation.

Re:Argentina's New President Wants to Adopt the Dollar as th... by The_Colonel on Monday November 20, 2023 @11:51AM (#38350376)
How does Europe being left leaning matter? The exchange rate is basically as stable as USD... Or do you mean it's just because of the strong Milei's ideology?
Re:Argentina's New President Wants to Adopt the Dollar as th... by xxs on Tuesday November 21, 2023 @04:33AM (#38361434)
Nothing to do with the EUR/USD rate, of course. I very much doubt the 'new' president would even hear anything left leaning, he is considered rather radical.
Re:Argentina's New President Wants to Adopt the Dollar as th... by kpw94 on Monday November 20, 2023 @12:22PM (#38350955)
> Euro is far

Technically, from a geography point of view, euro-using countries as official currency are closer than USD: https://eur-lex.europa.eu/EN/legal-content/glossary/outermos...

(I.e. French guiana's currency is the Euro)

Re:Argentina's New President Wants to Adopt the Dollar as th... by xxs on Tuesday November 21, 2023 @04:28AM (#38361399)
If we are to go in such technicalities, Ecuador is closer.

The distance - far/close matters when it comes to the trading partners more than anything. The US and Brazil being the biggest ones[0], and the trade is in USD.

[0] https://www.indec.gob.ar/uploads/informesdeprensa/i_argent_0...

Re:Argentina's New President Wants to Adopt the Dollar as th... by the_third_wave on Tuesday November 21, 2023 @06:21PM (#38372027)
> even democrats in the US would be considered right form the center in Europe

That used to be the case but it is true no longer, current 'Democrats' (between quotes because the DNC seems to be as democratic as the DRC from what I've seen) are comparable to centre-left parties in north-western Europe. The more activist wing of the 'Democrats' is comparable to socialist and communist parties in e.g. Sweden and the Netherlands.