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submitted 1 year ago by goat@sh.itjust.works to c/world@lemmy.world
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[-] Mothra@mander.xyz 15 points 1 year ago

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

[-] Artyom@lemm.ee 38 points 1 year ago

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.

[-] Mothra@mander.xyz 25 points 1 year ago

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.

[-] MataVatnik@lemmy.world 6 points 1 year ago
[-] Coki91@dormi.zone 3 points 1 year ago* (last edited 1 year ago)

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"

[-] lazynooblet@lazysoci.al 5 points 1 year ago

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

[-] Coki91@dormi.zone 0 points 1 year ago* (last edited 1 year ago)

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

this post was submitted on 25 Nov 2023
172 points (96.2% liked)

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