Can someone tell me what level is the following composition in CEFR (A1-C2) and correct me the mistakes? Thanks.
I'm here to discuss whether it is better to dollarize Argentina or not. Dollarizing a country, for those that don’t know, represents changing the actual currency to the dollar in order to increase the trade between countries and grow the economy. Might not be a really important topic in the Occident, but this is one of the issues that affect us indirectly in terms of economy. As we all know, Javier Milei won the Argentinian elections the past month, the other day I was wondering if it is possible to dollarize Argentina and I haven’t already arrived to a conclusion.
On the one hand, we have the fact that every single country has a history and a past, which means that changing whatever, from the flag to the currency, isn’t easy. While this is true, when it comes to the economy it is also true that the peso is not in good shape, in fact, Argentina is living a really high inflation rate. In Europe, we barely know what it is inflation at all because since the end of WW2 we haven’t had an inflation rate that has worried anybody. Other countries, such as Panama or Zimbabwe, had adopted the dollar as an official currency in the past. Furthermore, countries like Hungary or Ecuador as well, they all had an extreme inflation solved it by changing the currency to another stronger, even if the currency didn’t belong to the culture, history and identity of the country.
From my point of view, the best thing Argentina can do is make the dollarization right now because the peso is a very unstable currency and the dollar might be better. At the end of the day, money is only a way to exchange goods and set a value to things.