Argentina and Convertibility plan

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Difference between Argentina and Convertibility plan

Argentina vs. Convertibility plan

Argentina, officially the Argentine Republic (República Argentina), is a federal republic located mostly in the southern half of South America. The Argentine Currency Board pegged the Argentine peso to the U.S. dollar between 1991 and 2002 in an attempt to eliminate hyperinflation and stimulate economic growth.

Argentine peso

The peso (established as the peso convertible) is the currency of Argentina, identified by the symbol $ preceding the amount in the same way as many countries using dollar currencies.

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Brazil

Brazil (Brasil), officially the Federative Republic of Brazil (República Federativa do Brasil), is the largest country in both South America and Latin America.

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Carlos Menem

Carlos Saúl Menem Akil (born July 2, 1930) is an Argentine politician who was President of Argentina from July 8, 1989 to December 10, 1999.

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Corralito

Corralito was the informal name for the economic measures taken in Argentina at the end of 2001 by Minister of Economy Domingo Cavallo in order to stop a bank run, and which were fully in force for one year.

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Deregulation

Deregulation is the process of removing or reducing state regulations, typically in the economic sphere.

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Fernando de la Rúa

Fernando de la Rúa (born September 15, 1937) is an Argentine retired politician of the Radical Civic Union (UCR) who served as President of Argentina from December 10, 1999, to December 21, 2001.

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Gross domestic product

Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.

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Hyperinflation

In economics, hyperinflation is very high and typically accelerating inflation.

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Inflation

In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.

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Neoliberalism

Neoliberalism or neo-liberalism refers primarily to the 20th-century resurgence of 19th-century ideas associated with laissez-faire economic liberalism.

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Privatization

Privatization (also spelled privatisation) is the purchase of all outstanding shares of a publicly traded company by private investors, or the sale of a state-owned enterprise to private investors.

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Raúl Alfonsín

Raúl Ricardo Alfonsín Foulkes (12 March 1927 – 31 March 2009) was an Argentine lawyer and statesman who served as the President of Argentina from 10 December 1983 to 8 July 1989.

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