[PDF] argentine peso devaluation history

The depreciated peso moneda corriente was replaced in 1881 by the paper peso moneda nacional (national currency, (m$n or $m/n)) at a rate of 25 to 1. This  History · Peso before 1826 · Peso convertible, since 1992 · BanknotesQuestions associées
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  • Why has the Argentine peso devalued?

    The current government this week devalued the currency by 18% to 350 after suffering a defeat in a crucial primary election on Sunday.
    Argentine assets slumped following a stronger-than-expected performance by libertarian candidate Javier Milei, who wants to dollarize the economy and abolish the central bank.

  • What is the devaluation rate of Argentina?

    Last month, as part of an agreement with the International Monetary Fund (IMF), the Peronist government depreciated the benchmark official exchange rate by nearly 18% and pegged it at 350 per dollar in the wake of a key primary vote.

  • When did Argentina peg to the dollar?

    Argentina pegged its peso to the dollar in 1991 under the neo-liberal economic policies of President Carlos Menem and even debated full dollarization.
    However, it was forced to undo the peg a decade later as a major economic crisis and run on the peso sparked riots and saw the currency board collapse.

  • When did Argentina peg to the dollar?

    7 The currency board in Argentina as a matter of fact ended, when on December 1, 2001 deposits were frozen and overnight interest rates soared to 689%. 8 This led to a collapse of the payments system and political destabilisation, forcing president De La Rúa to resign.

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