Menem took workplace in July 1989 and promoted legal guidelines to reform the federal government and the financial system after his predecessor, Raúl Alfonsín, resigned in the course of a deep monetary disaster attributable to hyperinflation. Menem privatized some firms that had till that time been beneath state authority and was in a position to get inflation beneath management.
He remained energetic in politics by changing into a senator with the Justicialist Social gathering representing La Rioja province from 2005 till 2019. He then joined forces with the Peronist coalition referred to as “Entrance of All” and was re-elected to a different time period that might have run till 2023.
Menem had three kids together with his spouse Zulema Yoma, earlier than the couple divorced in 1991. He later married Chilean TV host and actress Cecilia Bolocco, with whom he had one little one. Their marriage ended 10 years later.
Argentina’s present President Alberto Fernández decreed three days of nationwide mourning beginning Sunday in honor of Menem.