Devaluation in Argentina

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Argentina's banks were supposed to re-open today and international trading in the newly devalued peso was scheduled to start, but it hasn't happened because nobody knows what the money is worth. Abandoning a policy that once linked its currency the American dollar, the newly installed government has devalued the peso by nearly 30 percent. Now, with inflation on the black market and shop owners struggling to keep a lid on prices, Argentina, once Latin America's richest country, is struggling to stay afloat. We put a human face on the spiraling economic crisis, then consider the causes and consequences for Argentina and beyond with economists and Latin America specialists.
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NASA Watch

Institute for International Economics

International Monetary Fund

Los Angeles Times

Talons of the Eagle: Dynamics of US-Latin American Relations

World Bank

The Village Voice



Warren Olney