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"Companies are less willing to spend dollars on virtually everything, and that includes security," he said.
"There's not a lot to spend dollars on," Mr. Moore said.
He said Argentines would avert a devaluation themselves by choosing to carry and spend dollars rather than pesos.
In much of the rest of Latin America foreign-exchange shortages are a thing of the past, and governments allow businesses to earn and spend dollars normally.
At Lagos airport, an "official in mufti" who "doesn't really appear to have any actual function" observes that "in New York, they spend dollars.
We can reverse this trend only when we spend dollars on more attractive alternatives like an improved Amtrak system and better local public transportation facilities.
Similar(30)
The Iranians have negotiated barter deals with Russia and India to avoid spending dollars and other foreign currencies, for example.
As an economist, a branding benefit has no meaning until someone spends dollars here.
NRG is spending dollars on environmental fix-ups.
And here is the NSA, spending dollars to reach our audience, through those very posts.
Perhaps these savers rationalize that they will be spending dollars, not euros or yen, at the grocery store.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com