this post was submitted on 25 Nov 2023
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[–] Artyom@lemm.ee 40 points 11 months ago (1 children)

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

[–] Mothra@mander.xyz 15 points 11 months 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?

[–] Artyom@lemm.ee 36 points 11 months 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.

[–] Mothra@mander.xyz 23 points 11 months 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.

[–] MataVatnik@lemmy.world 5 points 11 months ago
[–] Coki91@dormi.zone 3 points 11 months ago* (last edited 11 months 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"

[–] lazynooblet@lazysoci.al 5 points 11 months ago (1 children)

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

[–] Coki91@dormi.zone 0 points 11 months ago* (last edited 11 months ago)

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