Jorge Remes Lenicov (born 1948) is an Argentine economist and politician who served as Minister of Economy and Production from January 3 till April 27, 2002. His short term was unpopular. President Eduardo Duhalde had inherited a bankrupt country. Remes Lenicov decided on an extreme freezing of the bank deposits, which was then coupled with the so-called pesificación ("peso-ification", a forced transformation of all dollar-denominated accounts into pesos at an arbitrary fixed exchange rate), and a regulated devaluation. The fixed exchange rate system was abandoned soon afterwards, which was followed by a large depreciation.