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In 2008 the exchange rate was 3 Argentine Pesos one U.S. Dollar (USD). http://bitcoinedgeapp.org/ had not been universally accepted, convertibility into Pesos had not been problem. Things i immediately noticed was how cheap certain things were like beef and public disposal. I felt like I could a substantial meal with wine in a restaurant with a very reasonable price, and this was Cryptocurrency in the big downtown. Prior to their economic problems, the exchange rate was 1:1.
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A exercise on Argentine bank deposits happened 2001. The natives were understandably restless with the continued failure and health of their government's economic policies. People wanted to leave the Argentine peso for the refuge of the USD. When you might expect, the government froze banks for up to a year and limited customer distributions. Recently we had something similar occur in Cyprus when rumors began swirling about deposit confiscation in order to along with the poor financial regarding banks because they country. In similar fashion, the government of that country took measures to limit withdrawals and the rumors became fact. Depositors did generate losses though entitlement to live used was the more euphemistic "tax".