Argentina: Convertibility, Gold Links and the End of Gold Convertibility (1899–1930)

1. Law 1130 defines a gold-based monetary unit

   Jan 1, 1881Labels: Law 1130, Peso oro

   • BCRA
   • Cambridge

2. Convertibility to gold is suspended

   Jan 1, 1885Labels: Convertibility Suspension

   • BCRA
   • SF Fed

3. Baring Crisis shakes Argentina’s financial system

   Jan 1, 1890Labels: Baring Crisis, Foreign Debt

   • SF Fed
   • Cambridge

4. Conversion Office (Caja de Conversión) is created

   Jan 1, 1890Labels: Caja de, Currency Board

   • Caja ES
   • BCR Rosario

5. Law 3871 restores convertibility at a new parity

   Jan 1, 1899Labels: Law 3871, Parity 1899

   • BCRA
   • BCR Rosario

6. Gold convertibility operates under the 1899 parity

   Jan 1, 1900Labels: Gold Convertibility, International Gold

   • Cambridge
   • BCR Rosario

7. World War I triggers suspension of full convertibility

   Aug 1, 1914Labels: World War, Convertibility Suspension

   • Elsevier
   • Caja ES

8. Caja de Conversión remains closed through the postwar years

   Sep 1, 1914Labels: Caja de, Postwar Closure

   • Caja ES
   • BCR Rosario

9. Convertibility is legally restored at the 1899 rate

   Jan 1, 1927Labels: 1927 Restoration, Parity 1899

   • Caja ES
   • Elsevier

10. Gold-backed currency position peaks before the crash

    Jan 1, 1928Labels: Gold Reserves, Caja de

    • Caja ES
    • BCR Rosario

11. Gold convertibility is suspended as external conditions reverse

    Dec 1, 1929Labels: 1929 Suspension, Global Shock

    • NBER
    • Elsevier

12. Depression-era pressures deepen the shift away from gold

    Jan 1, 1930Labels: Great Depression, Reserve Pressure

    • NBER
    • Elsevier

13. Exchange controls are introduced, marking a regime break

    Oct 13, 1931Labels: Exchange Controls, 1931 Decree

    • JLAS PDF
    • FRASER

14. Gold-standard abandonment culminates in a new policy direction

    Jan 1, 1933Labels: Gold Standard, Policy Shift

    • ECLAC
    • FRASER