Because every dollar move. Tied the peso to the dollar, although not officially set exchange rate of 1 peso to 1 dollar change is real. The foreign exchange market is to their resolutions. And changes in the economic environment in Argentina itself. Set a fixed exchange rate with the dollar on the Mexican crisis. Foreign capital flowing out of the realm of Latin America. Argentina has been a byproduct. Eyes on the crisis in Thailand, which extends to Asia. As a result, Latin America, and the last to occur in Brazil. Real money down. Exports to Brazil were But to peg the Argentine peso made Argentine exports would be less. Economic issues, so as to interlock the current account deficit increased. To borrow more money to spend. Increasing foreign debt and foreign capital outflow does not stop the peso in the market, deteriorated rapidly and cause severe inflation.
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