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Tue, Dec 25, 2001 - Page 21 News List

Economists recommend the nation abandon peso

FINANCIAL COLLAPSE Some say that the only way that the South American country can get back on its feet is to dollarize the economy following its default

AFP , WASHINGTON

"In the sphere of currency, quarantining the government's financial problems requires officially dollarizing, to end fears that the government will devalue the peso as a way of transferring resources from the public to itself."

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