"By the end of November 2001, people fearing the worst began withdrawing large sums of money from their bank accounts, turning pesos into dollars and sending them abroad, causing a run on the banks. On 2 December 2001 the government enacted a set of measures, informally known as the corralito,[29][30] that effectively froze all bank accounts for twelve months,[31][32] allowing for only minor sums of cash to be withdrawn, initially announced to be of just $250 a week.[33]" - Argentina
It can happen, it has happened, and it will happen.
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