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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?


To: Henry Volquardsen who wrote (1216)2/3/1999 3:29:00 PM
From: X Y Zebra  Read Replies (1) | Respond to of 3536
 
Henry,

A short note to say that on CNBC, in an interview with someone from a think thank, or similar, (my apologies as I did not catch the name), they indicated that they view more and more viable the "dollarization" of the Argentine economy. If this were to happen then Mexico would be next, they cited a poll indicating that Mexicans are beginning to see this as a more acceptable option, rather than their existing one.

They also indicated that there would be an immediate economic benefits in the entire region as it would reduce the uncertainty for many.

I am sorry I did not get the details as I only caught the end of the interview.

The relevance of all this is that it may happen sooner rather than later. (or maybe it is my own wishful thinking).