The caja de conversión was the body responsible for maintaining the value of the
Argentine peso in gold, as part of the
currency board
In public finance, a currency board is a mechanism by which a monetary authority is required to maintain a fixed exchange rate with a foreign currency by fully backing the commitment with foreign holdings, or reserves. This policy objective requ ...
that operated in Argentina before 1935.
It was a precursor of sorts to the
Argentine Currency Board
The Convertibility plan was a plan by the Argentine Currency Board that pegged the Argentine peso to the U.S. dollar between 1991 and 2002 in an attempt to eliminate hyperinflation and stimulate economic growth. While it initially met with con ...
of the 1990s.
See also
*
Gold standard
A gold standard is a backed currency, monetary system in which the standard economics, economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the ...
References
{{DEFAULTSORT:Caja de conversion
Economic history of Argentina
Gold standard