Argentina's central bank has authorised the use of dollar-denominated accounts for payroll payments, establishing a regulatory framework for deposits and withdrawals.
The decision marks a significant step in the formalisation of dollarisation within the Argentine economy, acknowledging the widespread use of the US dollar for everyday transactions and wage settlements.
The new rules provide clarity for employers and employees navigating a dual-currency environment.
By legitimising dollar payrolls, the central bank is effectively conceding ground to market forces that have driven citizens and businesses toward the greenback for stability.
This development underscores the persistent challenges to the peso's role as the primary medium of exchange in the country.
The move comes as Argentina continues to grapple with high inflation and currency volatility.