In 1991 the Argentine peso was fixed to the value of the U.S. dollar on a one-to-one basis.

Question

Quizplus · Accepted Answer

This is true. In 1991, the Argentine peso was pegged to the U.S. dollar at a one-to-one exchange rate. This policy, known as the Convertibility Plan, was intended to combat hyperinflation in Argentina by providing more stability and confidence in the currency. However, the policy ultimately led to other economic issues in the country.

In 1991 the Argentine Peso Was Fixed to the Value