Hi there,

In this chaotic news cycle it may be tempting to tune out, but we hope you won’t—only an informed and engaged public can defend democracy. In these times of deep political polarization we need news that goes beyond play-by-play headlines, news that goes to the heart of each story by asking people to tell their own stories of abuses of power and injustice in their own words. If our journalism is important to you, please donate today. Every dollar makes a difference. Thank you so much.

Democracy Now!
Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Outraged Argentineans Take to the Streets and Occupy Banks … and An Independent Mediacenter Blossoms

Listen
Media Options
Listen

A defiant Argentine government yesterday launched a last-ditch attempt to stave off complete financial collapse.Banks and currency exchanges remained closed in Argentina, and the decision to partially unfreeze bank accounts didnot silence protests. In light of continuing protests, the embattled government instituted a six-month ban on furtherlegal challenges to its economic plans. Over the weekend, the Argentinean Economy minister admitted that LatinAmerica’s second largest economy was “broke” as he announced an austerity budget and eased the unpopular depositcontrols, which the supreme court ruled unconstitutional last week.

Outraged Argentineans have taken to the streets and occupied bank branches to protest against the restrictions, whichthe previous government introduced in early December to stave off a run on deposits. Banks will now be banned fromselling dollars. The government will allow the peso to float freely against the dollar when the foreign exchangesreopen tomorrow after a two-day bank holiday to calm the markets.

But with no faith in local currencies after decades of devaluations and inflation, locals have voted with their feetand lined up at banks to buy whatever dollars they can. The measures received backing from the World Bank yesterdaybut the International Monetary Fund, which Buenos Aires is hoping will back the reforms with a fresh injection ofcash, made no comment.

Guests:

  • Alejandro Bendana, President of the Centro de Estudios Internacionales in Managua, Nicaragua, formerSecretary General in the Foreign Ministry of the former Sandinista government of Nicaragua and former Ambassador tothe United Nations. He is co-Chair of the Ethics and Justice Committee of the International Campaign to ban Landminesand the author of several books.
  • Rick Rowley, filmmaker with BigNoiseFilms at the World Social Forum who is setting up an Independent MediaCenter in Argentina.

Related links:

Related Story

StoryNov 21, 2023Argentina’s Trump? Far-Right Javier Milei Wins Presidency with Echoes of Past Dictatorship
The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top