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| 1998–2002 Argentine great depression |
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Economy of Argentina |
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Corralito (Spanish pronunciation: [koraˈlito]) 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.
The Spanish word corralito is the diminutive form of corral, which means "corral, animal pen, enclosure"; the diminutive is used in the sense of "small enclosure" and in Argentina also "a child's playpen". This expressive name alludes to the restrictions imposed by the measure. The term was coined by the journalist Antonio Laje.[1]
- ^ * Reato, Ceferino (2015). Doce noches [Twelve nights] (in Spanish). Argentina: Sudamericana. p. 145. ISBN 978-950-07-5203-9.
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