EFTA Document EFTA01379425

22 December 2017 EM Currency Handbook 2018: Still Fuel in the Tank Argentina Argentine FX arrangements were plagued by monetary mismanagement and inflation throughout most of the twentieth century leading to periodic large devaluations. The Peso Ley replaced the Peso Moneda Nacional in 1970 at a rate of 100 to 1, which was itself replaced by the Peso Argentino at a rate of 10,000 to 1 in 1983. In 1985, this was again replaced by the Austral at a rate of 1,000 to 1, though this soon col