What was the name of the plan Menem implemented to tackle inflation?
Austerity Plan
Convertibility Plan
Menem Plan
Stability Plan
Answer
The Convertibility Plan was an economic policy implemented in Argentina by President Carlos Menem in 1991 to address soaring inflation. The plan's central feature was pegging the Argentine peso to the US dollar at a fixed exchange rate of 1 peso to 1 dollar, effectively creating a currency board.
Carlos Menem Trivia: How Much Do You Know About Carlos Menem?
More Questions
Related Quizzes
Subscribe Now!
Learn something
new everyday
Playing quizzes is free! We send 1 quiz every week to your inbox