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FORBES GLOBAL Publisher and columnist Domingo F. Cavallo developed and implemented the currency convertibility program that rescued Argentina from hyperinflation in 1994.
(If the convertibility program had been applied in Argentina a year earlier, Argentine savers would not have suffered as they did in 1990).
As Argentina's Economy Minister under President Carlos Menem from January 1991 to July 1996, Domingo Cavallo was responsible for the peso convertibility program and other reforms that killed Argentina's hyperinflation and put the Argentine economy on a sound footing.
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Thanks to the convertibility plan, Argentina had established strong credibility in the capital markets.
The Convertibility Plan, which established a currency board, marks the subsequent period.
The Convertibility plan was accompanied by a series of far-reaching structural reforms.
Mr. Rodríguez Saá also said he had no intention of ending the practice of pegging the peso's value to the dollar, a decade-old program known as convertibility that has brought the country stable prices but made its products costly on world markets as the dollar gained strength.
Cellulose convertibility was calculated as the converted cellulose divided by the original cellulose content.
Cellulose convertibility thus increased to between 45 and 78% (converted glucan/original glucan).
Actual convertibility achieved using Rapid SSF was calculated as the percentage of glucan converted into ethanol.
The first is currency convertibility.
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