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Abstract
This plain paperwork was intended to describe the experience of Argentina which had held its economic reform during 1991-1994. In April 1991 Argentina embarked on a far-reaching program of economic reform designed to bring inflation down to acceptable basis. The program rested on four pillars: opening the economy, deregulation and reform of the tax code, privatization and elimination of other forms of government interference in resource allocation, and stabilization of inflation. The stabilization of inflation was held by introducing the most innovative feature: the bimonetary currency board. The main pillar of this plain paperwork was a compilation of World Bank and International Monetary Fund, working papers, and other secondary sources.
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