With Argentina looking seriously at dollarizing its economy, other Latin American countries have rejected the idea – senior figures in Brazil, Mexico and Colombia say it’s unsuitable for their countries and some analysts agree with them. One adds that even to dollarize Argentina is a project that would take years rather than months to implement.
Colombia’s finance minister, Juan Camilo Restrepo, said in London in January: “We will not see any dollarization of the Colombian economy.
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