4 ms·

https://en.wikipedia.org/wiki/Convertibility_plan#Abandonment_of_the_peg https://en.wikipedia.org/wiki/Convertibility_plan#Abandonmen... Entire countries have

by ptudan 4y ago

https://en.wikipedia.org/wiki/Convertibility_plan#Abandonment_of_the_peg https://en.wikipedia.org/wiki/Convertibility_plan#Abandonmen... Entire countries have had access to a currency completely pulled. Not just the US wants to use USD. Plenty of people can lose access to their money, not just alleged domestic terrorists (and isn't alleged is a scary word?).

jacobsenscott 4y ago
I'm certainly no expert on Argentina, but I'm talking about dollars backed by the US government, not pesos that the Argentine government was pretending were worth a dollar. I'm sure even when the hard peg was in effect it would have been impossible to actually convert the bulk of the pesos to dollars - I'm sure no foreign bank would cooperate. This was no different than some crypto coin pretending to be worth a dollar.