Argentina Contemplates Major Economic Reforms, Including 'Dollarization'   

Javier Milei, left, and his sister, Karina, arrive at the government house in Buenos Aires, Dec. 10, 2023, after he was sworn in as Argentina's president. People eat a free lunch at the Casa Comunitaria del Fondo soup kitchen in Buenos Aires, Argentina, Dec. 14, 2023. Argentine President Javier Milei has taken office at a time when the nation is being ravaged by inflation. Shacks stand in the Padre Carlos Mugica neighborhood of Buenos Aires, Argentina, Dec. 14, 2023. Argentina's government has cut transportation and energy subsidies and devaluated the peso to deal with an economic emergency.

Argentina’s new leader, President Javier Milei, has embarked on a series of aggressive steps to refashion the country’s economy since his inauguration on December 10, and according to senior officials in his administration, he is prepared to follow through with his promise to “dollarize” the country’s economy.