is the argentine peso pegged to the dollar
Convertibility plan The Argentine Currency Board 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.
Aggregate expenditure Aggregate expenditures is defined as : AE = C+Ip+G+NX,
Insurance Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
Chile The Central Bank of Chile in Santiago serves as the central bank for the country. The Chilean currency is the Chilean peso (CLP). Chile is one of South America's most stable and prosperous nations,[11] leading Latin American nations in human development, competitiveness, income per capita, globalization, economic freedom, and low perception of corruption.[13] Since July 2013, Chile is considered by the World Bank as a "high-income economy".[137][138][139]