Argentina links to euro

ARGENTINA - The Argentine Senate has approved a new law that will fix its currency to the euro as well as to the dollar.

After a six hour debate, the lawmakers approved the bill - known as the Convertibility II - into law, effectively establishing a new exchange rate for the entire economy.

The idea is sponsored by Economy Minister Domingo Cavallo, as he struggles to shield his economy from exposure to the US and stabilise the peso.

One peso is now fixed at one dollar and will become fixed to on

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