Domingo Cavallo

Domingo Cavallo Domingo Felipe "Mingo" Cavallo (born San Francisco, Córdoba, July 21, 1946) is an Argentine economist and politician. He has a track record of public service and is known for implementing the ''Convertibility plan'', which fixed the dollar-peso exchange rate at 1:1 between 1991 and 2001. This brought the Argentine inflation rate down from over 1,300% in 1990 to less than 20% in 1992 and nearly to zero during the rest of the 1990s.

He is well known for implementing the ''corralito'', which restrained Argentine citizens from withdrawing money from their bank accounts. This was followed by 2001 riots and the fall of President Fernando de la Rúa. He was also the president of the Central Bank during the National Reorganization Process, Argentina's last dictatorship, designated by the de facto president Reynaldo Bignone.

He is Doctor in Economic Sciences from the National University of Córdoba and obtained his PhD in Economics from Harvard University. He received five Honoris Causa doctorates from the Universities of Genoa, Turin, Bologna, Ben-Gurion and Paris Pantheon-Sorbonne. He was professor at the National and Catholic Universities of Córdoba, and at New York, Harvard and Yale Universities. Provided by Wikipedia
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