Re: Re: deposit guarantee.

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peterhun
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The Icelandic crash proved that the definition of guarantee can be changed from what is commonly understood by, say, an English speaker. There it became to mean”what we can afford” and “you should have realised we don’t have the ability to pay this guarantee’ to “You should be aware that investments go bad, so tough”.

Converting foreign currency into devalued local currency happened, on mass, in Argentina.