Now in its fourth year of recession, Argentina is on the brink of economic collapse and its citizens in near panic as they have swarmed banks trying to withdraw their money before it loses value. To stop the run on banks and to prevent their collapse, the government imposed a $250 weekly limit on the amount of cash that can be withdrawn for the next 90 days. Steps have been taken that may lead to the U.S. dollar replacing the local currency, a move that could see the dollar become the de facto currency of all of Latin America in the years to come. As the immediate period of uncertainty unfolds, protests could erupt and widespread demonstrations are possible.
