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.
I missed that previous time, I did a quick Google search but I’m not getting results. Would you know roughly when that happened?
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.
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”
I don’t think it’s False, just you interpreted the reply to be related to the central bank.
Thats fair, however they are from the same person. Cohesion was to be expected