Travel Reference
In-Depth Information
2002
Interim president Eduardo Duhalde devalues the peso, and Argentina defaults on a US$140 billi-
on international debt (US$800 million owed to the World Bank), the largest default in history.
2003
Nestor Kirchner is elected president of Argentina after Carlos Menem bows out of the presiden-
tial race, despite winning more votes in the first round of elections.
2007
Former First Lady Cristina Fernández de Kirchner is elected president.
2010
Néstor Kirchner dies suddenly, dealing a serious blow to the Kirchner dynasty. Many thought he
would run for president in 2011, and very likely win.
2011
Cristina Kirchner wins the presidential re-election race; a few months later she undergoes suc-
cessful surgery for cancer.
2012
Inflation is running at about 25%, though the government's official figures say that it's less than
10%. Kirchner passes a law restricting the sale of US dollars, creating huge black-market de-
mand.
2013
Argentina experiences its largest currency devaluation since 2002.
