this post was submitted on 25 Nov 2023
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[–] [email protected] 40 points 1 year ago (1 children)

Oh yeah, a bank shutdown turned out great for Argentina the last time they did it.

[–] [email protected] 15 points 1 year ago (1 children)

I missed that previous time, I did a quick Google search but I'm not getting results. Would you know roughly when that happened?

[–] [email protected] 39 points 1 year ago (2 children)

In 2002, there was a major bank freeze overnight in Argentina. They reopened months later, and because of how they now pegged to the dollar, the value of the accounts were functionally cut in half. In those months, many local neighborhoods invented their own bartering systems and it was a whole mess.

This was around the time the USA invaded Afghanistan, which explains why most people don't know about it, but it was obviously a major event for Argentina.

[–] [email protected] 25 points 1 year ago (1 children)

That was a freeze of citizen's personal accounts, not a shutdown. People were not allowed to access and retrieve their own money from their personal bank accounts. This is different. This is the Central (National) Bank, and a shutdown at it. Not individuals bank accounts, if I understand what's going on correctly.

[–] [email protected] 6 points 1 year ago
[–] [email protected] 3 points 1 year ago* (last edited 1 year ago) (1 children)

This is false, the Central Bank has not stopped running ever since it was opened and the event you are talking about is also not due to "it closing"

[–] [email protected] 5 points 1 year ago (1 children)

I don't think it's False, just you interpreted the reply to be related to the central bank.

[–] [email protected] 0 points 1 year ago* (last edited 1 year ago)

Thats fair, however they are from the same person. Cohesion was to be expected