Argentina Shows the Limits of BRICS’ De-Dollarization Dreams

 Argentina Shows the Limits of BRICS’ De-Dollarization Dreams

 
At the BRICS Summit in August, the government of Argentina promised to join the organization, which hopes to de-dollarize the global economy. That same week, however, Argentine voters made it clear that come October, they’ll elect a president who opposes joining BRICS and will increase the use of the dollar at home. That should serve as a cautionary tale for BRICS members that speak so enthusiastically of de-dollarization.