The question Context
The proposal to dolarize Argentina's economy has been brought to the forefront by presidential candidate Javier Milei. He argues that dollarization would end the country's inflation problem and proposes demolishing the Central Bank. However, economists and analysts have raised concerns about such a move's feasibility, potential risks, and benefits. The political landscape, economic conditions, and social implications make this a complex and contentious issue.
Resolution Criteria
The prediction market will resolve in favour of "Yes" if Argentina officially adopts the U.S. dollar as its primary currency, replacing the Argentine peso, before the end of the year 2024.
1,000
3.00Dollarization seems to be sometimes defined as accepting any non-local currency maybe alongside a local currency whether the US dollar or another. It's clear from your resolution criteria that this market is about full dollarization specifically with the US dollar. Only because of that, I'm going for NO at <4%.