|[부에노스아이레스=AP/뉴시스]Argentina’s former president Carlos Menom died on the 14th (local time) at 90 years old. The photo was taken on February 28th, 2019. 2021.02.15.|
[부에노스아이레스=AP/뉴시스] Reporter Kim Hye-kyung = Argentina’s former President Carlos Menem passed away at the age of 90 on the 14th (local time).
According to the Associated Press, Argentine President Alberto Fernandez announced the death of former President Menem, who had deteriorated in health in recent weeks, and declared a three-day period of national mourning.
Former President Menem, from a poor Syrian immigrant family, is a politician from a lawyer. He served as governor twice, then ran for the left populist Peronist party in the 1989 presidential election, and served as Argentina’s 44th president for 10 years until 1999.
At the time, Argentina was inflation at 5000% per year, but under Menem’s rule, it achieved high economic growth and the rate of inflation fell to a single digit.
In addition, Pemenem, the national currency, removed regulations on inflation and interest rates and implemented a neoliberal policy against the government’s economic involvement, such as selling state-run telephone companies, airlines, steel mills, and YPF, the largest oil company in South America at the time.
Argentina enjoyed unprecedented stability with the introduction of a peg system that fixes the peso, which is its own currency, to the US dollar.
However, it is also criticized for causing increasing unemployment, foreign debt and economic inequality at the same time.
In diplomacy, he had strong ties with the US. During Menem’s tenure, Argentina was also the site of the 1992 bombings against the Israeli Embassy in Buenos Aires and the Jewish Center in 1994.
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