The dollarization proposed by the presidential candidate of La Libertad Avanza, Javier Milei, would have a "disastrous" result and would imply "an approximate loss of purchasing power of more than 90%," the Center for Argentine Political Economy (CEPA) said this Thursday. The entity designed a calculator so that interested parties can check how much their salaries would be reduced and how their purchasing capacity would be reduced if dollarization were to take place with the current asset levels of the Central Bank, as a quotient of all liabilities (paid and unpaid) of the monetary authority. Thus, with liabilities of $23.4 billion and assets of $6.4 billion as of July 31, CEPA proposed "a scenario of a dollar at $3,700." "This exchange rate, even though it is already high, means the loss of support for savers' dollar deposits," said the entity led by Hernán Letcher, who explained that "dollarization implies using the dollars that support your savings. In a simulation carried out with the calculator designed by CEPA, the conclusion is reached that a salary of $200,000 would become US$54 at the indicated exchange rate. This new situation would lead to a cut in purchasing power, which with these incomes would go from 83 kilos of roast to only 8 kilos, while in the case of yerba mate it would be reduced from 187 to 19 kilos. "The result is disastrous: an approximate loss of purchasing power of more than 90%," he warned.