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In 1991 under former President Carlos Menem Argentina embraced neo-liberalism. State companies were privatized and the Argentina peso was pegged to the dollar at one to one. While much needed foreign capital entered the country and inflation came to a standstill Argentina refused to adjust it's currency after Brazil devaluated it's currency in 1999 (Argentina depends on Brazil as a trading partner). Newly appointed President Eduardo Duhaldo made an end to the "one-to-one" causing a sharp devaluation of the peso. Here the Cambio Houses (money changers) on Florida Street and their new rules and regulations since the devaluation of the peso.