wholesale costume jewelry distributors in china 999 Argentina peso is equal to RMB 62.5215. , from 1991 to 2001, the fixed exchange rate of Argentina peso was $ 1. This was stipulated by the 1991 Argentine Relief Law. The fixed exchange rate is maintained for ten years. According to the exchange method, the central bank must ensure that the currency supply of Argentine peso is equal to the US dollar reserves of the Bank of China. That is to say, a piece of dollars enter the Bank of China reserves, and a peso can enter the market. In the past ten years, the exchange rate market, except for supply equals the rule of reserve, has no other important regulations. This currency system is equivalent to Argentina's peso for the US dollar. . According to the most popular explanation, the Argentine government raised a large US dollar debt due to a fiscal deficit. In the end, it was unable to pay it, nor could it provide market demand. Essence The most important problem is the design of the system. The peso supply provided by the Bank of Advancement Management, but in the trust currency system, some reserve banking system, commercial banks can increase currency supply. Because the Bank of China cannot provide large -scale liquidity, the banking system is very sensitive to the public trust. If a lot of withdrawals withdraw money, the banking system will collapse. Since 1998, Argentina's economy has been weakening. Recently, the Mexican currency crisis (1994), the Russian financial crisis (1998), and the Asian financial crisis (1997). Coupled with the issue of debt repayment, trust has fallen, and a large number of stores have to withdraw money together. In 2001, the Argentine government ordered a large number of bank accounts, known as Corralito. three, fear of the storage households, plus the lower class was angry with the economic recession. As a result, Argentina's political collapse was collapsed at the end of 2001. In 2002, the transitional government took office. There are four major problems to be solved. (1) Following the fixed exchange rate system. In July 2002, the government decided to abandon the fixed exchange rate system. The Bank of China has authorized the US dollar as appropriate in the market. This system is called Flotación Sucia (Dirty Float). (2) The problem of households. After the fixed exchange rate is removed, the peso deposit is fine, and there is a problem with the US dollar deposit. Part of the US dollar deposit is replaced with a peso and the other part is replaced with bonds. The losses of the storage households are very great, and the impact of this policy is very profound. (3) Argentine large -scale companies owe large dollar bonds. The Argentine government decided to replace US dollar debts with peso debt. US dollar debt is responsible for the government. It supports the company very much. The deposit exchange rate is different from the debt exchange rate. This decision is called asymmetric permocer (Asimétrica). (4) Financial arrears of debt. There is no great progress here. After the 2003 presidential election, the new president Néstor Kirchner took office. He and his wife (Cristina Kirchner) became president from 2003 to 2015.
wholesale costume jewelry distributors in china 999 Argentina peso is equal to RMB 62.5215.
, from 1991 to 2001, the fixed exchange rate of Argentina peso was $ 1. This was stipulated by the 1991 Argentine Relief Law. The fixed exchange rate is maintained for ten years. According to the exchange method, the central bank must ensure that the currency supply of Argentine peso is equal to the US dollar reserves of the Bank of China. That is to say, a piece of dollars enter the Bank of China reserves, and a peso can enter the market. In the past ten years, the exchange rate market, except for supply equals the rule of reserve, has no other important regulations. This currency system is equivalent to Argentina's peso for the US dollar.
. According to the most popular explanation, the Argentine government raised a large US dollar debt due to a fiscal deficit. In the end, it was unable to pay it, nor could it provide market demand. Essence The most important problem is the design of the system. The peso supply provided by the Bank of Advancement Management, but in the trust currency system, some reserve banking system, commercial banks can increase currency supply. Because the Bank of China cannot provide large -scale liquidity, the banking system is very sensitive to the public trust. If a lot of withdrawals withdraw money, the banking system will collapse. Since 1998, Argentina's economy has been weakening. Recently, the Mexican currency crisis (1994), the Russian financial crisis (1998), and the Asian financial crisis (1997). Coupled with the issue of debt repayment, trust has fallen, and a large number of stores have to withdraw money together. In 2001, the Argentine government ordered a large number of bank accounts, known as Corralito.
three, fear of the storage households, plus the lower class was angry with the economic recession. As a result, Argentina's political collapse was collapsed at the end of 2001. In 2002, the transitional government took office. There are four major problems to be solved.
(1) Following the fixed exchange rate system. In July 2002, the government decided to abandon the fixed exchange rate system. The Bank of China has authorized the US dollar as appropriate in the market. This system is called Flotación Sucia (Dirty Float).
(2) The problem of households. After the fixed exchange rate is removed, the peso deposit is fine, and there is a problem with the US dollar deposit. Part of the US dollar deposit is replaced with a peso and the other part is replaced with bonds. The losses of the storage households are very great, and the impact of this policy is very profound.
(3) Argentine large -scale companies owe large dollar bonds. The Argentine government decided to replace US dollar debts with peso debt. US dollar debt is responsible for the government. It supports the company very much. The deposit exchange rate is different from the debt exchange rate. This decision is called asymmetric permocer (Asimétrica).
(4) Financial arrears of debt. There is no great progress here. After the 2003 presidential election, the new president Néstor Kirchner took office. He and his wife (Cristina Kirchner) became president from 2003 to 2015.