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 wor

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.