Thursday , October 28 2021

Argentines topple their banks' digital platforms to turn their peso savings into dollars



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Consumers have complained on social networks about their inability to work on the websites of their financial institutions.

The Argentine economy has no rebate after the primaries that took place over the weekend. The black day in which the Transandan market lived yesterday knocked on the door to the bank. The collapse of the stock market, which had Merval and the collapse of the currency against the dollar, made hundreds of thousands of Argentines go physically – and to their banks' digital platforms – to change their savings from Argentine pesos to dollars, according to Expansión.

Fear of a possible loss of 25% of the savings (which came yesterday for the depreciation of the Trans-Australian currency) caused the websites of major banks in the neighboring country to collapse, according to Spanish media. In fact on social networks, several users complain about the inability to work on their banks' platforms, as was the case with Santander and BBVA Francés.

This happens because several financial companies in Argentina allow their customers to buy and sell dollars to their clients on their virtual platforms. Many transgender people buy US currency in this way and then change them and pay their debts or invest.

Santander has been telling his customers via Twitter for several hours "We are currently in the process of normalizing, and we hope to resume normal operation as soon as possible." The same situation is with the BBVA franchise, which commented that "we have found interruptions in online banking. We are working to resolve them as soon as possible. "

At dawn, Santander announced on Twitter that the technical issues on his page had already been resolved.

While other financial institutions have taken the time to promote their products, as was the case with Itaú. The Brazilian Capital Bank has indicated on social networks "say today the STEP of inflation." This is because the company has an account that opens online in five minutes and among its advantages is zero inflation as the bank returns monthly inflation over the average balance in the account.

In 2001, Argentina suffered a "financial corral", which restricted the free disposal of money in check and savings accounts, in order to prevent massive outflow of money from the financial system and thus prevent banking management.

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