Corralito
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~4 min read
Encyclopedic overview
6 sectionsContents
- Background and initial measures
- Immediate effects
- Role of banks
- Transition to ''corralón''
- See also
- References
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Corralito () is the informal name for the economic measures taken in Argentina at the end of 2001 by Minister of Economy Domingo Cavallo in order to stop a bank run which implicated a limit of cash withdrawals of 250 ARS per week (at that time US$1 = 1 ARS). Electronic transfers and credit and debit card payments were not disrupted.
Excerpted from Wikipedia’s “Corralito” article, available under the CC BY-SA 4.0 licence.