Word: peso
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Dates: during 2000-2009
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...felt like the end of the world at the edge of the earth. It was 2002, and Argentina was in economic free fall. The peso lost 75% of its value against the U.S. dollar, and the nation had defaulted on almost $100 billion of debt. Bank deposits were frozen to halt panicked runs, and an enraged middle class took to the streets. The country went through five Presidents in just two weeks. Wall Street feared that the crisis, one of the worst in South America's history, would spread next door to giant Brazil--where the élite predicted financial...
...believe Argentina is back as a hemispheric or even world player? Yes, Argentina is finding again its presence on the international scene; it's finding its identity again. In the '90s we thought having ann exchange rate of one [Argentine] peso to one [U.S.] dollar was an automatic passport to the First World, but that was a mistake. We're finding our way now, and we're reasserting Argentina on the world stage...
...said "the working poor of Latin America need change," then many feel the U.S. should start helping burgs like Santa Cruz build the kind of small enterprises that can jump-start more viable local economies. "There is too much entrepreneurial ambition in this country that never sees one peso of encouragement," says Roberto Hernandez, 29, whose metal-window-frames business was financed by the Santa Cruz microbank, which is called Xu Nuu Ndavi, or Poor People's Money in Mixtec...
...desk phone rings, and as I pick it up, I hear the sound of my boss on the other end. “How does the Mexican peso rank right now?” he asks, as always making sure that I’m on track. I silently applaud myself for having just checked this figure and answer my boss as confidently as possible. “Very good,” he says and abruptly hangs...
...have to worry much about your grade; Ec10 offers a “Unit Test” program to take practice exams for bonus points. Combine that with a Core curve set on a B+ average, and your grade will be as inflated as the Argentinean peso...