Latin American Monetary Systems and Exchange Conditions (Classic Reprint) - Softcover

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Excerpt from Latin American Monetary Systems and Exchange Conditions

The. Actual currency of the Argentine is Govern ment notes, to which a fixed value of 44% of the gold peso has been assigned by the Government. This parity of 44% is maintained through the me dium of a conversion fund which exchanges gold for paper, and vice versa, on the basis of gold for paper, or paper for gold.

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