Convertibility Law

GPTKB entity

Statements (20)
Predicate Object
gptkbp:instanceOf gptkb:law
gptkbp:category gptkb:economic_policy
gptkbp:country gptkb:Argentina
gptkbp:dateEnacted 1991-03-27
gptkbp:effect contributed to 2001 Argentine economic crisis
pegged Argentine peso to US dollar at 1:1
stabilized Argentine economy in early 1990s
gptkbp:enactedBy gptkb:Argentine_National_Congress
https://www.w3.org/2000/01/rdf-schema#label Convertibility Law
gptkbp:language gptkb:Spanish
gptkbp:mainProvision prohibited central bank from financing government deficit
established fixed exchange rate between Argentine peso and US dollar
required full dollar reserves for pesos in circulation
gptkbp:officialName gptkb:Ley_de_Convertibilidad_del_Austral
gptkbp:promotion gptkb:Carlos_Menem
gptkbp:purpose curb hyperinflation
gptkbp:repealedBy gptkb:Economic_Emergency_Law_(2002)
2002
gptkbp:bfsParent gptkb:Domingo_Cavallo
gptkbp:bfsLayer 6