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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. In contrast to what most people think, this peg actually did not exist, except only in the first years of the plan. From then on, the government never needed to use the foreign exchange reserves of the country in the maintenance of the peg, except when the recession and the massive bank withdrawals started in 2000.

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  • Ley de Convertibilidad del Austral (es)
  • Convertibility plan (en)
  • Plano Cavallo (pt)
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  • 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. In contrast to what most people think, this peg actually did not exist, except only in the first years of the plan. From then on, the government never needed to use the foreign exchange reserves of the country in the maintenance of the peg, except when the recession and the massive bank withdrawals started in 2000. (en)
  • La Ley de Convertibilidad del Austral, ley n.º 23 928,​ fue sancionada el 27 de marzo de 1991 por el Congreso de Argentina, durante el gobierno de Carlos Menem, bajo la iniciativa del entonces ministro de Economía Domingo Cavallo, y estuvo vigente durante casi 11 años hasta su derogación el 6 de enero de 2002. (es)
  • O Plano Cavallo, efetuado pela lei de conversibilidade, foi um de estabilização monetária na Argentina, coordenado pelo ministro da Economia Domingo Cavallo. O principal objetivo do plano era o combate à inflação. Para tal, o Congresso da Argentina aprovou uma lei em 22 de março de 1991, proposta pelo Poder Executivo, cujo efeito era o de fixar a taxa de câmbio da moeda do país, o austral, em relação ao dólar, à razão de 1:1. A lei também determinava que o país adotasse o peso conversível no ano seguinte, com uma taxa de conversão de dez mil austrais para cada peso. Essas medidas efetivamente promoveram a dolarização da economia. Com a taxa de câmbio fixa, quaisquer aumentos de preços dos produtos nacionais poderiam levar à perda de mercado para concorrentes importados. Além disso, o próp (pt)
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