BUENOS AIRES (Sputnik) – Former Argentine President Carlos Menem, credited with rescuing the nation’s financial system from an financial collapse, has died on the age of 90, the incumbent president mentioned on Sunday.
“With deep remorse, I discovered in regards to the loss of life of Carlos Saul Menem. At all times democratically elected, he was the governor of La Rioja, the president of the nation and a nationwide senator. The dictatorship persecuted and imprisoned him”, Alberto Fernandez tweeted.
Menem died in hospital, the place he was admitted for a urinary an infection.
Up till his loss of life, he held the senatorial seat in his house province of La Rioja. A son of Syrian immigrants, he started his lengthy political profession because the governor of La Rioja in 1973 and was imprisoned by the navy after it took over in a US-backed coup three years later.
Menem received the presidential election in 1989 and stayed in energy till 1999. He performed a collection of privatisations in a bid to rejuvenate the financial system and reined in hyperinflation.