1983-1991







Argentina since 1991


In 1992 the new Argentine Peso was introduced, at 1:10,000 against the outgoing Austral. Moreover, the new Peso was tied to the US Dollar at par. Currency exchange restrictions were lifted. This parity was kept up until 2001. Brazil, Paraguay, Uruguay and Argentina formed a Latin American common market, referred to as MERCOSUR. Argentina finally had a stable currency; however, unemployment rates soared.
In 2000, Argentina was struck by the foot-and-mouth disease which affected the country's beef exports. In 2001-2002 Argentina experienced a severe economic crisis; the pegging of the Peso to the Dollar was abandoned, the Peso devalued. Strict economic discipline enforced on Argentina by the IMF resulted in cuts in social spending, which in turn created a volatile political environment. The elections of 2003 were won by Peronist Nestor Kirchner, who is critical of neoliberalism and free market policy.






EXTERNAL
FILES 		Articles History of Argentina, Nestor Kirchner, from Wikipedia
Historia del Pais, 1991, in Spanish, illustrated (on Argentina)
La Democracia, 1983-, from Todo Argentina, in Spanish
Mercosur History, from Mercosur Website
Foot and Mouth Disease Argentina Impact Work Sheet 2000, from CEI
Foot and Mouth Disease in Argentina, by B.G. Cane (2001)
DOCUMENTS
REFERENCE Article : Argentina, in : Statesman's Yearbook 1992-1993 pp.93-99, 1993-1994 pp.97-103, 1994-1995 pp.96-101, 1995-1996 pp.88-93, 1996-1997 pp.92-97, 1997-1998 pp.96-102, 1998-1999 pp.119-125, 2000 pp.152-159, 2001 pp.153-159, 2002 pp.157-164, 2003 pp.159-166, 2004 pp.161-168, 2005 pp.157-165, 2006 pp.159-167 [G]
Entry : Travel Warning - Argentina, pp.411-413, in : Countries of the World and their Leaders Yearbook, 2000, Supplement [G]
Entry : Argentina, Cabinet p.6, Background Notes : Argentina, pp.231-238, in : Countries of the World and their Leaders Yearbook, 2003 [G]
Entry : Argentina, pp.206-211 in : IMF, International Financial Statistics Yearbook 2001 [G]
Article : Argentina, in : Americana Annual 1993 pp.114-115, 1994 pp.113-114, 1998 pp.113-114, 2006 pp.50-51 [G]
Article : Argentina, in : Britannica Book of the Year 1992 pp.467-468, 544, 1993 pp.475-477, 552, 1994 pp.476-477, 552, 1995 pp.370-371, 552, 1996 pp.370-371, 552, 1997 pp.390, 550, 2002 pp.388, 545 [G]



This page is part of World History at KMLA
First posted on September 10th 2007

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