It's hard to do that over the long term. One of the advantages of having your own currency is that you can use it to manage the economy. During recessions a central bank can buy bonds from the government for pesos that they can use to prop up the economy in a downturn. When the currency is not your own then that's not possible so recessions are deeper and more painful. I suspect that's why argentina decided to depeg it to the dollar. They probably had a nasty recession that they hoped that by issuing more currency they could fix. But they could not do that while the peso was peg to the dollar.