http://www.nytimes.com/2002/04/20/business/worldbusiness/20ARGE.html
Argentina Orders Indefinite Bank Holiday By THE ASSOCIATED PRESS
BUENOS AIRES, April 19 (AP) — The Argentine government ordered an indefinite halt to all foreign exchange and banking transactions today, saying it needed time to complete a plan aimed at bolstering the crumbling banking system.
The Central Bank announced the move as President Eduardo Duhalde worked to slow a steady outflow of cash that Argentine officials say could start a collapse of the country's financial system.
The banking holiday is to remain in effect until completion of a plan that is intended to convert most savings accounts into bonds and brake a growing number of lawsuits against a four-month-old banking freeze.
Argentines have won court orders overturning the freeze, pulling out more than $100 million a day, banking analysts say, and few fresh deposits are being made.