Argentines angry at peso conversion

ARGENTINA - Argentines have reacted with hostility to the government's announcement that all US dollar bank accounts will be turned into the local currency, the peso.

The government said the conversion would be at the official rate of 1.40 pesos to the dollar - well under the street value of around two pesos.

Local newspapers accused President Eduardo Duhalde of breaking an inauguration pledge to protect the value of people's savings, following the country's economic crisis.

A reporter in Bue

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