Corralito
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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 withd
Fernando De la Rúa
Riots in Buenos Aires. December 2001
Buenos Aires Manifestación contra el Corralito 20020206 10m
The 1998–2002 Argentine great depression was an economic depression in Argentina, which began in the third quarter of 1998 and lasted until the second quarter of 2002. It followed fifteen years of sta
Corralito
…alludes to the restrictions imposed by the measure. The term was coined by journalist Antonio Laje. In 2001, Argentina was in the midst of an economic crisis: heavily indebted, with an economy in complete stagnation (an almost three-year-long recession), and the exchange rate fixed at one U. S. dollar per…
Amid rioting, President Fernando de la Rua resigned on 21 December 2001.
Depositors protest the freezing of their accounts, mostly in dollars. They were converted to pesos at less than half their new value.
President Kirchner and Economy Minister Lavagna discuss policy, August 2004.