Convertibility plan
Law in Argentina
Nº Q4789392 ★★★
Rare · Literature
Convertibility plan
Law in Argentina
The Convertibility plan was a plan by the Argentine Currency Board that pegged the Argentine peso to the U.S. dollar between 1991 and 2002 in an attempt to eliminate hyperinflation and stimulate economic growth. While it initially met with considerable success, the board's actions ultimately failed.
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From Wikipedia
The Convertibility plan was a plan by the Argentine Currency Board that pegged the Argentine peso to the U.S. dollar between 1991 and 2002 in an attempt to eliminate hyperinflation and stimulate economic growth. While it initially met with considerable success, the board's actions ultimately failed. The peso was only pegged to the dollar until 2002.
Text: Wikipédia, CC BY-SA 4.0. · Image: Taken by the uploader, w:es:Usuario:Barcex (CC BY-SA 3.0) ·
