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Stories from Argentina, Lebanon and Cyprus - When Payments Decide Survival

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Imagine waking up to find your bank's doors shut and your company's cash flow cut off overnight... just like I have seen this in Cyprus's during the 2013 bank collapse. I was working as a Chief Accountant and my job was to keep 20 companies afloat in this mess. But this is not a unique case when desperation creates innovative ways to handle the situation.


In Argentina, people risked everything with casino chip tricks to dodge inflation and grab US dollars before their money vanished. Lebanon's recent crisis drove desperate citizens to unregulated crypto to escape failing banks and preserve what little they had left.


These are all real stories to show how sudden payment restrictions can destroy lives and businesses, turning trusted systems into nightmares without warning or preparation.


Without a Chief Payment Officer to build resilience and spot dangers in banking, regulation, and tech, your organization could be next, bleeding out from liquidity loss and operational chaos.


 
 
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