Economic history of Argentina reforms such as open trade. On 1 January 1992, a monetary reform replaced the austral with the peso at a rate of 10,000 australs for 1 peso. The cornerstone of the reform process was a currency board, under which the peso was fixed by law at par to the dollar, and the money supply restricted to the level of hard-currency reserves. A risky policy which meant at a later stage Argentina could not devalue. After a lag, inflation was tamed. With risk of devaluation apparently removed, capital poured in from abroad. GDP growth increased significantly and total employment rose steadily
History of the Jews in Argentina History of the Jews in Argentina The history of the Jews in Argentina goes back to the early sixteenth centuries, following the Jewish expulsion from Spain. Sephardi Jews fleeing persecution immigrated with explorers and colonists to settle in what is now Argentina. In addition, many of the Portuguese traders in the Viceroyalty of the Río de la Plata were Jewish. An organized Jewish community, however, did not develop until after Argentina gained independence from Spain in 1816. By mid-century, Jews from France and other parts of Western Europe, fleeing the social and economic disruptions of revolutions, began to settle in