Argentina, once known forAnimal husbandrykarma andPlantationsFamous all over the world. At the end of the 19th century, Argentina relied on the export of cowhides, beef, etcAnimal husbandryindustry products are obtained in large quantitiesForexIncome,EconomyIt has developed rapidly and has become a developed country. WhilePlantationsThe rapid development of Argentina has made it possibleEconomyThe pillars are more solid. However, with the advent of the 20th century, especiallyThe Great DepressionAfter that, Argentina'sEconomyFortunes have been reversed. The rise of the United States began to carry out repeated "harvesting" of Argentina, which led to the country's decline.
Inflation in Argentina has become a traditional problem in the country. Recent data shows that inflation has reached more than 140% over the past 12 months. Prices are constantly **, whileExchange rateBut it lasts**. Currently, the Argentine peso is official against the US dollarExchange rateOnly 00028。In the face of such a grim situationEconomysituation, the new ** Milley believes that the implementation of a de-dollarization policy will not be successful, and instead recommends full dollarization.
During Milley's campaign, he had said to joinGold BricksThe organization of the state means little to Argentina. Now, shortly after he took office, his hand-picked *** chief issued a statement through social **, announcing that Argentina would not joinGold Bricks。This means that Argentina is embarking on a path that is the opposite of that of other countries.
1. Advocate of the South dollar
At a high-level meeting with Brazil earlier this year, Argentina put forward the idea of promoting the implementation of a single internal currency, the South American dollar. This is undoubtedly a key step in the de-dollarization of South America. Argentina hopes to achieve this by introducing the South dollar and reducing the influence of the dollar on South American countriesEconomyIndependent.
2. Preferential choice of RMB
In addition to pushing the South dollar, Argentina also gives preference to China when it comes to **RMBProceed to checkout. This will not only reduce dependence on the dollar, but also help to expand the scale of the country with China. In addition, Argentina is also using theRMBRepay the dollars dueDebt, further easing the dollar against itEconomypressure.
To sum up, Argentina has been working de-dollarization reforms, hoping to get rid of the influence of the dollar. In the experienceEconomyAfter the decline, Argentina has realized the hegemony of the dollar against itEconomynegative effects. However, refused to joinGold BricksThe decision of the State Organization has again puzzled the world.
1. Highly competitive applications
In August of this year,Gold BricksThe national summit was held in South Africa, 6Gold BricksThe leaders of the country came together. An important topic of the summit is:Gold BricksThe issue of capacity expansion of national organizations. Prior to the summit, more than 40 countries expressed their participationGold Bricksof these, 23 countries formally applied. Eventually, Argentina, Iran, Egypt, Ethiopia, Saudi Arabia and the UAE were approved to joinGold Bricks
2. Changes in the competitive environment
Argentina acceded as ratifiedGold BricksOne of the countries that was supposed to be the reward for the previous continuous efforts. However, in the eyes of the new ** Millay, joinGold BricksIt means little to Argentina. He thinksGold BricksNational organization does not address the major issues that Argentina is currently facingEconomyquestion, so Argentina resolutely decided to refuse to join.
Taken together, Argentina's refusal to joinGold Bricksand full dollarization seems to be at odds with the trend in other countries. In the process of globalization, more and more emerging countries are striving for developmentEconomyto increase GDP. However, Argentina has fallen from a developed country to a poor countryNobelEconomyThe scholarship winner called it "the miracle of decay."
Argentina is going throughEconomyAfter the glory years of development, due to the hegemony of the dollar and other factors, it fell into inflation andEconomyDownward dilemma. In order to get rid of the influence of the dollar, Argentina actively pursued a policy of de-dollarization, including advocating the southern dollar, which was preferredRMBProceed with settlements, etc. However, Argentina** recently announced its refusal to joinGold Bricksstate organization, this decision caused widespread concern and doubts. In any case, Argentina in the worldEconomyThe roles in the landscape are changing, and the future remains uncertain.