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Topic: Argentine peso

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	Argentine Antarctica at AllExperts
		The Argentine Antarctic region, consisting of the Antarctic Peninsula and a triangular section extending to the South Pole, is delimited by the meridians 25Â° West and 74Â° West and the parallel 60Â° South latitude.
		Administratively, Argentine Antarctica is a department of the province of Tierra del Fuego, Antarctica, and South Atlantic Islands.
		The Argentine presence in the sector, according to some historical investigations, took place in the second decade of the 19th century; some even affirm that it took place by the end of the previous century.
	en.allexperts.com /e/a/ar/argentine_antarctica.htm (789 words)

	Argentine Currency Rates, Convert Argentine Pesos, Peso Moves, Peso Exchange Rates
		The Argentine peso, often denoted by ARS, is one of the official currencies in Argentina.
		At the dawn of the twentieth century, the Argentine peso was one of the most popularly traded currencies in the world.
		The Argentine peso has continued to strengthen in the first half of 2005, reflecting an increase in USD earning by exporters who continue to enjoy the benefits from the pick up in global demand and rising international commodity prices.
	www.gocurrency.com /countries/argentina.htm (933 words)

	Concerns Push Argentine Peso Down (Site not responding. Last check: 2007-10-19)
		The peso tumbled some 4 percent a day after the government announced the largest state-owned bank will take over three struggling provincial banks, falling for a second straight day to 3.55 to the dollar.
		The peso's depreciation followed an announcement Sunday that Banco de la Nacion would take over the banks controlled by France's Credit Agricole after the Paris-based bank said it would not recapitalize the cash-strapped financial institutions.
		The battered peso has lost more than 70 percent of its value since January when it was allowed to float freely against the dollar.
	www.globalaging.org /pension/world/concernspesodown.htm (291 words)

	Argentine Peso Strengthens Slightly
		The peso traded at mid-afternoon at about 1.9 to the dollar, slightly higher than on Monday, when it was going for 2.0.
		The peso was cut loose from the dollar for the first time in 11 years on Monday, but heavy restrictions on currency trading kept volatility at bay.
		In Buenos Aires, meanwhile, analysts said demand for pesos came from Argentines hungry for local currency to pay bills after a weeklong round of banking restrictions that preceded the free float of the peso.
	www.globalaging.org /pension/world/pesostrengthens.htm (610 words)

	RATE-EXCHANGE.org - Argentina Currency / Argentinean Peso
		The Argentine peso saw some its darkest hours in late 2001 and early 2002, culminating in a near-total economic collapse.
		The strategy of keeping the peso pegged to the dollar was abandoned, and in February of 2002, the peso became a free-floating currency, subsequently losing almost 60% of its value.
		Denominations for banknotes are 5 pesos, 10 pesos, 20 pesos, 50 pesos and 100 pesos.
	rate-exchange.org /currency/argentina-peso.cfm (568 words)

	Getting Argentina Back to the Future (Site not responding. Last check: 2007-10-19)
		The Argentine peso, which for the last decade was worth a dollar, is now worth a quarter.
		And by outlawing the peso, neither the central government nor the provinces will be able to print money to "pay" their bills.
		Argentines and the rest of the world would get a clear message that the country is once again a safe place in which to work, save, and invest.
	econ.bu.edu /kotlikoff/getting_argentina_back_to_the_fu.htm (711 words)

	USATODAY.com - Argentine peso released from link to U.S. dollar (Site not responding. Last check: 2007-10-19)
		Argentina's peso opened at an average 2.20/2.30 per dollar for large-scale transactions on the foreign exchange market weaker than the 2.00/2.05 close on Feb. 1, last time the peso traded before a week-long ban.
		Monday was the first day the peso traded purely as a floating currency after the government ditched a stronger parallel rate fixed at 1.40 pesos to the dollar.
		Argentines also lined up at banks around the capital on Monday after the end of last week's banking holiday, which had shut off most financial transactions.
	www.usatoday.com /money/world/2002-02-11-argentina-peso.htm (748 words)

	Peso - Wikipedia, the free encyclopedia
		This is the famous Spanish dollar or “piece of eight” and later became called the peso.
		The peso coin weighed 27 grams and was of 92 per cent pure silver.
		It was the template for the coins of the United States and one silver dollar equaled exactly one peso.
	en.wikipedia.org /wiki/Peso (197 words)

	Argentine Peso - Search Results - MSN Encarta
		Argentine Peso - Search Results - MSN Encarta
		Formerly, Argentina’s monetary system was based on the peso oro (Spanish, “gold peso”), although no gold coins actually circulated.
		Argentine Peso, Chilean Peso, Colombian Peso, Dominican Republic Peso, Mexican Peso, Philippine Peso, Uruguayan Peso
	uk.encarta.msn.com /Argentine_Peso.html (82 words)

	The Argentine Rebellion
		By the mid 1990s, Menem had tied the country firmly into the international financial system by pegging the Argentine peso to the U.S. dollar at the exchange rate of one to one.
		Argentines, especially the middle classes, have been noted for our individualism and narrow self-interest mentality.
		There are, however, long-term scenarios discussed in Argentine political circles that suggest a civic-military alliance with the backing of the national bourgeoisie.
	www.thirdworldtraveler.com /South_America/Argentine_Rebellion.html (1504 words)

	RGA - 2001 Annual Report
		While the legal exchange rate remained at one Argentine peso to one U.S. dollar, financial institutions were allowed to conduct only limited activity due to these restrictions, and currency exchange was effectively halted.
		In January 2002, the Argentine government announced its intent to create a dual currency system with an official exchange rate of 1.4 Argentine pesos to one U.S. dollar for import and export transactions and a free floating rate for other transactions.
		In accordance with applicable accounting guidance, the Company translated its Argentine peso functional currency balances as of December 31, 2001 using a floating rate of 1.65 Argentine pesos to one U.S. dollar, which was the closing rate on January 11, 2002.
	www.rgare.com /aboutrga/2001_ar/consolidated_financial32.htm (249 words)

	Report sees long-term threat to food
		The Argentine peso was on par with the dollar, so winemakers could earn no more from U.S. exports than from domestic sales.
		Argentine wine is distinctive, he and others noted, reflecting the unusual growing environment.
		Argentine vintners expect Americans to fall for the malbec varietal, a rich and lively dark red wine.
	www.floridafarmers.org /news/articles/argentineWine.htm (571 words)

	A Strategy for Argentine Economic Recovery
		The open Argentine economy of the early 20th century was badly mauled by the effects of the First World War, when international trade contracted, and agricultural exports were especially hit.
		The buzzards came home to roost in December 2001, when the Argentine government announced that it would suspend payments on a debt that was estimated to be in the range of $132 billion, the largest default in history.
		Argentines are hoping to see some sign of an end to a crisis that has seen hundreds of businesses go bankrupt, millions of people thrown out of work and a once large middle class decimated.
	pweb.jps.net /~gangale/opsa/ir/StrategyForArgentineRecovery.htm (5552 words)

	Online NewsHour: Helping Hand -- January 7, 2002
		Argentines are lining up at banks to withdraw pesos before they lose even more value, and some are trying to get visas to leave the country.
		And if the Argentines come up with proposals that involve protectionism, that involve subsidies that are inefficient to certain privileged industries, that create a lack of investor confidence, that don't attack their fundamental social and political problems, then they won't be able to get the support from the international community.
		It has to be an Argentine plan and should not be an IMF plan, a US Treasury's, a G-7 plan, because the Argentines are the people who have to live with the consequences.
	www.pbs.org /newshour/bb/latin_america/jan-june02/argentina_1-07.html (1654 words)

	John O'Sullivan on euro and Argentina on National Review Online
		In the same papers, often on the same pages, there were horrifying accounts of how the Argentines were seeking vainly to get their hands on dollars before the peso was officially devalued and their savings cut by almost a third.
		Though the Argentine crisis began as a currency problem (aggravated, to be sure, by excessive government spending), it quickly became a political and constitutional crisis with rioting in the streets and five presidents succeeding each other within two weeks.
		For the Argentine collapse was being blamed by many people, including Argentinian voters, on the nation's conversion to free markets and free trade rather than on the collapse of its un-free, fixed-price currency.
	www.nationalreview.com /jos/jos011002.shtml (1229 words)

	The Argentine Banking Crisis: No Turnaround in Sight
		Adding to the banking system's delicate situation, the convertibility regime ended, the peso was devalued, and the government imposed a number of measures moving toward the pesification of the previously highly dollarized economy.
		This problem was later exacerbated by the fact that the government issued a decree eliminating the indexation to inflation for a large part of the pesified assets (mortgage and individual loans), and, as political pressures rise, the indexation to inflation will probably be eliminated for the rest of the loans.
		However, banks over-lent to the Argentine government, perhaps thinking that a scenario in which things could go wrong was remote, or if it ever did occur, the banks would be able to lobby themselves out of their problems.
	www.standardandpoors.com /europe/francais/Fr_news/Argentine-Banking-Crisis_15-05-02.html (1581 words)

	Is Dollarization a Good Idea? - DRCLAS News Fall 1999 (Site not responding. Last check: 2007-10-19)
		Every peso is backed up with a dollar in Argentine reserves and thus there is no threat of "forced devaluation" due to bankruptcy of the central bank.
		However it is clear to several foreign economists that the depth and length of the current Argentine recession is, in part, a result of the convertibility scheme itself.
		Indeed when Argentine economists, members of the Finance ministry, and bankers are asked, "Is dollarization a good idea?" the answer is generally yes, though they only rarely say that to the public.
	www.fas.harvard.edu /~drclas/publications/revista/economy/cohen.htm (1359 words)

	CNN.com - Argentine president: Expect 'devalued' peso - January 4, 2002
		In a televised speech to the nation, Duhalde gave no specifics about his recovery plan but also signaled he will move to protect Argentine industries as he tries to right what he admitted is a "bankrupt" economy.
		Until now, the Argentine peso has been tied to the value of the U.S. dollar and Argentina has had the highest standard of living in South America.
		Argentina was forced to declare itself in default on its public debt after the IMF refused to reschedule or renegotiate its debt.
	archives.cnn.com /2002/WORLD/americas/01/04/argentina.crisis/index.html (489 words)

	Argentine Peso - Search Results - ninemsn Encarta
		Argentine Peso - Search Results - ninemsn Encarta
		Formerly, Argentina’s monetary system was based on the peso oro (Spanish, “gold peso”), although no gold coins actually circulated.
		Argentine Peso, Chilean Peso, Colombian Peso, Dominican Republic Peso, Mexican Peso, Philippine Peso, Uruguayan Peso
	au.encarta.msn.com /Argentine_Peso.html (74 words)

	Winne.com - Report on Argentina - The best is yet to come
		The peso’s value has risen by 33 percent against the currencies of countries such as Germany, Spain or France, protests Jose de Mendiguren, chairman of the Argentine Industrial Union (UIA).
		Argentines will allow no one to pick their money from their pockets, the minister roared in mid July when announcing new belt-tightening measures.
		Soon millions of Argentines were purchasing all they could on credit and holding the minister as some sort of national hero.
	www.winne.com /argentina/cr01.html (1921 words)

	RGA - 2001 Annual Report
		Currently, the Company believes its foreign currency transaction exposure, with the possible exception of its Argentine peso exposure, to be immaterial to the consolidated results of operations.
		The Company's obligations under its insurance and reinsurance contracts continue to be denominated in Argentine pesos, which is the functional currency for this sub-segment.
		As a result, the devaluation of the Argentine peso has generated a net unrealized foreign currency gain of $38.5 million, which has been reflected in accumulated other comprehensive income on the consolidated balance sheet as of December 31, 2001.
	www.rgare.com /aboutRGA/2001_ar/management_discussion17.htm (335 words)

	Argentine Peso Will Float From February 6 (tdctrade.com) (Site not responding. Last check: 2007-10-19)
		The Argentine Government has announced that it will float the Argentine peso entirely on 6 February 2002 (Wednesday).
		With the current market rate of around 2 pesos to the US dollar, the government would issue regulations aimed at moderating the currency's tumble.
		The Argentine government has previously indicated the minimum terms of payment for most consumer goods would be 90 days at the official rate of 1 US dollar to 1.4 official pesos.
	www.tdctrade.com /sme/newsflash/anp26.htm (222 words)

	Calculator for Argentine Peso (ARS) Currency Exchange Rate Conversion
		Enter the amount to be converted in the box to the left of the currency and press the "convert" button.
		The Argentine Peso is the currency in Argentina (AR, ARG).
		The Argentine Peso is divided into 100 centavos.
	coinmill.com /ARS_calculator.html (366 words)

	New Page 11
		The key to sustained economic performance was for the peso to become competitive—not too high, not too low—so exports would remain strong and the trade balance favorable.
		However, since the peso was pegged to the US Dollar at a fixed one-to-one exchange rate, and since the US Dollar was rising against all other currencies and dragging the peso up with it, Argentinean exports became expensive.
		The problem, according to Argentine economist Pablo Guido, is that during the same period government spending (combined national and provincial) rose about 90%, erasing all the gains and putting the country into deeper debt than before.
	www.jrnyquist.com /new_page_11.htm (819 words)

	Euro2day :: Argentina: Robust peso brings peace of mind
		Significantly, the Argentine peso was virtually unaffected by the disturbances compared to most other emerging market currencies.
		August was a strong month for dollar-denominated Argentine debt, particularly at the long end of the yield curve.
		He says Tenaris, the stock responsible for the small Argentine index's gains this year, accounting for a fifth of its value, is losing its shine and is "near its ceiling".
	www.euro2day.gr /articlesfna/20379541 (1768 words)

	Argentine peso hits retail and foodservice giant Royal Ahold - Food Retailing - Brief Article - Statistical Data ...
		Net earnings before goodwill amortisation and exceptional charges including the impact of the Argentine Peso devaluation rose 32.2% to 493.5m [euro] compared to 373.2m [euro] in 2000.
		However, the only difference with our earlier trading statement is that we took a non-cash provision for the minority interest on the Argentine Peso devaluation charge.
		The 36% increase in net earnings before goodwill amortisation and exceptional charges including the impact of the Argentine Peso devaluation shows that our operations are solid and able to withstand considerable economic pressure.
	www.findarticles.com /p/articles/mi_m0DQA/is_2002_March_14/ai_84147219 (430 words)

	CNN.com - Argentine peso falls - Feb. 11, 2002
		Traders said the peso fell to about 2.25 to the dollar in the foreign exchange market, well below its level of about two to the dollar on Feb. 1, the last time the peso traded briefly in currency markets before a week-long ban on activity.
		Monday was the first day the peso traded purely as a floating currency after the government ditched a stronger fixed rate of 1.40 pesos to the dollar that was used for exports for just over a month after January's devaluation.
		Many investors fear the peso, which has lost about 56 percent of its value against the U.S. dollar since being devalued, could tumble out of control and spark steep inflation as Argentina slogs through a deep four-year recession.
	edition.cnn.com /2002/BUSINESS/02/11/argentina.re/index.html (247 words)

	Mercopress
		Lavagna argued that this exchange rate benefits not only exporters but "all the Argentine people", and in any case the only "possibly" overvalued currency in the region was the Brazilian Real.
		Lavagna who is involved in a controversy with the International Monetary Fund which is recommending the Argentine peso be allowed to float freely given the significant influx of capital into Argentina.
		Until December 2001 the Argentine peso was pegged and equivalent to one US dollar.
	www.falkland-malvinas.com /Detalle.asp?NUM=6245 (485 words)

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