Argentine Devaluation Law

by Larry B. Pascal View Biography
Patricia C. Mastropierro
Haynes and Boone, LLP View Firm Credentials
Dallas Office

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July 17, 2004

Previously published on January 11, 2002

On January 6, 2002, the Argentine Congress passed Law 25,561 (the "Law") that revoked the convertibility regime that established the currency board system. The old Convertibility Law maintained a fixed exchange rate of 1:1 between the peso and the US dollar. In addition, on January 10,...

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Argentine Devaluation Law

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