Yep. New areas to dump the treasury's garbage. A bit like Tether

If they can convince other countries with failing currencies to dollarize, that could keep this bubble going for quite a while.

Undisciplined

TomK

Ok, 3.5 - 8.5% mortgage interest rates make a lot more sense in dollars than in Pesos.

Inflation was in Peso. And I assume that 99% of the mortgage market works on the Dollar. 

econ

Argentina: the mortgage trap is opening up again for more and more people

I'm a little confused about the situation down there. Wasn't Millei dollarizing the economy?

Are they saying inflation was 288% in dollars or in the old currency that's being abandoned? 

And then, which currency are those interest rates in?