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Muster the Squirrels's avatar

The linked news article (https://www.batimes.com.ar/news/argentina/mileis-policies-and-poll-numbers-spark-concern-in-argentina.phtml) about the Argentine dollarization proposal quotes a consultancy warning about the following:

> If the market perceives that Milei has any chance of governing, it is most likely that we will see a run against the peso. It could even generate a sort of self-fulfilling prophecy, with peso-holders fearing dollarisation and trying to get rid of their holdings, [thus] creating the conditions for this dollarisation.

What makes this a plausible risk for Argentine dollarization, but not Caribbean dollarization? Or is it a plausible risk for both? Or neither?

By the way, the St. Martin map is probably the only map in existence using 'baie', 'bay', and 'baai' in the names of three adjacent locations.

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Doctrix Periwinkle's avatar

Just a note: The de facto currency of St. Maarten is the USD. While a few shops on St. Maarten list prices in Netherlands Antilles Guilders, most do not, whereas everywhere in Dutch St. Maarten lists prices in USD. Many businesses will not accept NAf as a form of payment, and the ones that do are still real confused if someone tries to pay in guilders. This is the case even though cash transactions are still very common on St. Maarten.

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