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Headline: Argentina stares into the abyss Source: Euromoney Date: September 2001
Argentina’s biggest problem by far is the fact that it has a massively overvalued currency. The peso is pegged one-to-one to the dollar; if it were allowed to float freely, it could plunge to between three and four to the dollar. When Argentina implemented the currency peg, it succeeded very well at wiping out hyperinflation. | |||||||||||||||||||||||||||||||||||||||||
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