Argentinians face devaluation, price hikes and a dual exchange rate system

Citizens of Buenas Aires have had their first glimpse of the latest attempt to resolve Argentina's long running crisis with news of plans for a dual currency system and a probable devaluation. And new President Eduardo Duhalde has insisted there must be a closer relationship between government and business to pull the country out of its 4 year recession. Details of a probable 30% devaluation of the peso ending the 10 year one to one peg to the U.S. dollar are expected on Saturday. But whilst dollar debts are due to be converted into pesos to protect the average Argentinian debt burdens will shift to banks already in crisis. And as experts predict businesses will push up prices to hedge against devaluation losses the government is to take measures to cap prices of pharmaceutical products and petrol fearing more bloody unrest that left 27 dead in recent weeks. However many analysts fear a dual exchange rate system will merely open the door to more endemic corruption which helped bankrupt Argentina in the first place.