Economic history of Argentina rate never went above 10%, and the country largely recovered by 1935. However, the Depression permanently halted its economic expansion. Actually, much like other developing countries, the economy was already in a downturn beginning in 1927, a result of declining prices. Argentina abandoned the gold standard in December 1929, earlier than most countries. For much of the previous period, the country had operated a currency board, in which a body known as the caja de conversión was charged with maintaining the peso's value in gold. The devaluation of the peso increased the competitiveness of its exports and protected domestic production.
Local currency in Canada and over 400 in the United Kingdom. Australia, France, New Zealand, and Switzerland have similar systems. Kenya: Senegal: South Africa: Japan: Hong Kong: Indonesia: Malaysia: Bangladesh [Chandpur Chittagonj Dhaka] Australia: Canada: "See List of Canadian community currencies"<br> Mexico: United States: "See List of community currencies in the United States" Argentina: Brazil: Venezuela: Austria: Belgium: Czech Republic: Denmark: France: Germany: Hungary: Greece: Italy: Latvia: Malta: Netherlands: Russia: Slovakia: Spain: Switzerland: Ukraine: United Kingdom: [[Category:Local currencies| ]] [[Category:Freiwirtschaft]] [[Category:Localism (politics)]] [[Category:Monetary reform]] [[Category:Community building]] Local currency In economics, a local currency is a currency that can be spent in a