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
Politics of Argentina elected in 2015 and he came in with an opposite conservative agenda. He cut back on subsidies, took a hard stance against corruption, and has currently asked for a 50bn dollar IMF bailout. Some of the most important political-pressure groups in Argentina include: the Argentine Association of Pharmaceutical Labs (CILFA); the Argentine Industrial Union (manufacturers' association); Argentine Rural Society and CARBAP (landowners' associations); the Armed Forces; the General Confederation of Labor or CGT (Peronist-leaning umbrella labor organization); the Roman Catholic Church; students. Politics of Argentina The politics of Argentina take place in the framework of what the Constitution defines as