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Domingo Felipe "Mingo" Cavallo (born July 21, 1946) is an Argentine economist and politician. He has a long history of public service and is known for implementing the ''Convertibilidad'' plan, which fixed the dollar-peso exchange rate at 1:1 between 1991 and 2001, which brought the Argentine inflation rate down from over 1,300% in 1990 to less than 20% in 1992 and nearly zero during the rest of the 1990s.〔(INDEC: consumer prices )〕 Guided by his politics Argentina entered in one of the most difficult crisis in the history. He is also well known for implementing the ''corralito'', which restrained savers from withdrawing the total amount of their own money from bank accounts, but allowed them to operate bank transactions and was followed by the December 2001 riots and the fall of President Fernando de la Rúa. ==Early years== Cavallo was born in San Francisco, Córdoba Province to Florencia and Felipe Cavallo, Italian Argentine immigrants from the Piedmont Region. He graduated with honors in Accounting (1967) and Economics (1968) at the National University of Córdoba, where he earned his Doctorate in Economics in 1970. He married the former Sonia Abrazián in 1968, and had three children. He would later enroll at Harvard University, where he earned a second doctorate in Economics in 1977.〔''Noticias''. 12 September 1991.〕
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