Argentina is a country with extreme swings in economic performance. Due to the many crises that have shaken the country everyone does his best to take precautions for the next crisis. The gross national savings rate in Argentina has almost doubled since the economic disaster in 2000-2001. It has reached 27% of GDP in 2008 which is one of the highest compared to many other Latin-American countries. For the USA it is 12% of GDP, just to give you a number. But how to save money when people have absolutely no trust in inland banks, nor in the government anymore? While rich people get assistance by American or Swiss bankers with bringing money abroad, the ordinary middle-class Argentinean is hoarding cash in dollar bills under his proverbial mattress. The mound of cash in Argentina is estimated to USD 50 billion, which is about 1,300 dollars per capita. This makes Argentina by far the number one in US dollar bill hoarding nations in the world. The second place goes to Russia with about USD 550 per capita.