Those who hurt prices will now have to lower them because the pesos are the ones in charge.

For decades, the national currency was eroded by devaluations and confiscations, a phenomenon that favored a strong dollarization of savings. The high liquidity and global acceptance of the dollar made it an advanced price reference. This dual role – as a reserve of value and advance unit of account – was a defense tool against the abuse of monetary issuance as a method of state financing. That mechanism was interrupted with the arrival of Javie…