This makes a lot of sense.to me. Thanks.sergio said:Argentina has a long history of currency instability. Simple as that. Only a fool saves large sums in pesos. At the time of the crisis the smart people had their savings in dollars, euros or pounds sterling in banks or financial instiututions outside Argentina. The amazing thing is that despite all the instability there were so many people who left money in local banks - and then got scalped when dollar accounts were changed to highly devalued pesos.