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SP, a fixed exchange rate is what did Argentina in. Their...

  1. butcherboy
    20,048 Posts.
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    10/05/10
    09:20
    Post #: 6675760
    SP, a fixed exchange rate is what did Argentina in. Their currency was pegged one for one to the US dollar for a long time and caused havoc with local industry, to the point where they produced nothing and imported everything. The rest is history.
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