Argentina may return to fixed exchange rate

Argentinian President Eduardo Duhalde is considering returning to a fixed exchange rate to help halt an alarming slide in the value of the peso.

Argentina may return to fixed exchange rate
Fri, 26 Apr, 2002 - 18:45

Argentinian President Eduardo Duhalde is considering returning to a fixed exchange rate to help halt an alarming slide in the value of the peso.

The currency has lost nearly 70% of its value since January and now trades at more than three pesos to the US dollar.

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