Dear Starfront,
The answer to your question is yes. Bank deposits were nationalised by
Latin American governments, in order to handle crisis situations.
Between 1946 and 1957, Peron (the Argentinean ruler) nationalised the
country's bank deposits - "Such protection was the declared purpose of
the "nationalization" of bank deposits in Argentina between 1946 and
1957; banks receiving deposits acted merely as agents of the
government-owned and government-controlled central bank, all deposits
being guaranteed by the state."
(http://www.indiaco.com/resources/finance/bnkrelat.asp)
Deposits were also nationalized during the second Peron period, in
1973 (he died briefly after, to be replaced by his widow, Isabelle).
Both periods are described in the history of the BCRA site
(http://www.bcra.gov.ar/english/institucional/eins00003.asp).
In 1972, the Peruvian government, too, nationalised all banks, and it
did it again in 1986. A long article on this subject and others -
http://www.sagharbor.com/banking2/banking2-chapter7.htm
The Mexican government nationalized the whole banking system in 1982,
again as a reaction to a crisis. See more at
http://www.sagharbor.com/banking2/banking2-chapter6.htm
V Headline has an article on the subject of nationalisations in Latin
America - http://www.vheadline.com/9705/2148.htm
I hope that helped. My search terms were "nationalization", with the
terms "noriega" and "bank deposits". If you need any clarification on
this answer, please ask. |
,
0 Comments
)