• Artyom@lemm.ee
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    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
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      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.