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Argentina’s Duhalde to Announce Presidential Candidacy Dec. 20

Dec. 17 (Bloomberg) -- Former Argentine President Eduardo Duhalde will announce on Dec. 20 that he will run in next year’s presidential election, according to an e-mail statement from his Peronist party.

Duhalde, 69, was appointed president by Congress in January 2002 after a financial crisis led to the resignations of former President Fernando de la Rua and three subsequent presidents who had been named by Congress. Duhalde is a former governor of Buenos Aires province and was vice president during part of the government of Carlos Menem, who led the country from 1989 to 1999.

After taking office in 2002, Duhalde abandoned an exchange rate system that had fixed the peso at par to the U.S. dollar. The peso lost two-thirds of its value that year.

Duhalde was replaced by Nestor Kirchner in May 2003.

To contact the reporter on this story: Eliana Raszewski in Buenos Aires at eraszewski@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

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