Argentina has abruptly called on the international monetary fund for and adjustment without compromising the reform effort, and it is a bold one so even a currency board is not immune from the inflationary effects of fiscal problems the experiment lasted 10 years until a global strengthening of the. And much of its success was attributed to its adoption in 1991 of a convertibility law, pegging the currency, the peso, to the american dollar:.
Argentina went from robust to bust in a matter of months, leaving investors scratching their heads among the mysteries: why the country's. Argentina's reliance on us dollar funding, coupled with the depreciation of its own currency is sending the country in to the all-too-familiar.
Holders of the old currency had until december 30 to exchange old notes for new , legal tender currency (i'v written about the modi action– and.
You just don't lend argentina's government money not in its own currency, because it relentlessly destroys that currency, and not in a foreign.
Cristina's new economics team recently changed the government's approach to currency and capital controls, making some concessions to the.