Economic history of Argentina assumed power, inflation was equivalent to an annual rate of 5000%, and output had declined sharply. In 1976, the era of import substitution was ended, and the government lowered import barriers, liberalized restrictions on foreign borrowing, and supported the peso against foreign currencies. That exposed the fact that domestic firms could not compete with foreign imports because of the overvalued currency and long-term structural problems. A financial reform was implemented that aimed both to liberalize capital markets and to link Argentina more effectively with the world capital market. After the relatively stable years of 1976 to 1978, fiscal deficits started
History of Argentina occult interests, including astrology, and a supporter of dissident Catholic groups. Economic policies were directed at restructuring wages and currency devaluations in order to attract foreign investment capital to Argentina. López Rega was ousted as Isabel de Perón's adviser in June 1975; General Numa Laplane, the commander in chief of the army who had supported the administration through the Lopez Rega period, was replaced by General Jorge Rafael Videla in August 1975. Montoneros, led by Mario Firmenich, cautiously decided to go underground after Peron's death. Isabel Perón was removed from office by the military coup on March 24, 1976. This