One of the solutions to the Argentine peso crisis of 2003 was to devalue the peso to the approximate value of $2.00 per Argentine peso.

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This statement is true. After a prolonged recession and a severe financial crisis, the Argentine government devalued the peso in early 2002, leading to a sharp depreciation in its value against the US dollar. In 2003, the government allowed the peso to float freely in the foreign exchange market and it eventually stabilized at around $2.00 per peso, which improved the country's competitiveness and helped to restore economic growth.

One of the Solutions to the Argentine Peso Crisis of 2003