Next Level Dollarization: Countries Using the Greenback as Local Currency

Taking dollarization to the next level: Here’s a look at countries using the greenback as local currency Filip De Mott Nov 24, 2023, 9:45 AM EST Argentina’s presidential election puts the country closer to adopting the dollar as its own currency. But the switch could mean risks, and Argentina would have to cede monetary control. Several other countries, including Panama and Zimbabwe, have adopted the greenback. Pro-dollarization candidate Javier Milei has secured Argentina’s presidency, laying the foundation for the country to adopt the US dollar — and join other countries that have done the same. It’ll be no easy thing…