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RSS FeedsGhosts of 2002 `corralito` spur Argentines to shun banks, stash cash at home
(WorldNews Business)

 
 

24 august 2019 06:26:25

 
Ghosts of 2002 `corralito` spur Argentines to shun banks, stash cash at home
(WorldNews Business)
 


By Walter Bianchi BUENOS AIRES (Reuters) - It happened in 1989. It happened in 2002. Argentines who are old enough to remember do not want to go through it again. A run on the peso since the Aug. 11 primary election, which signalled that business-friendly President Mauricio Macri likely will not get re-elected, shocked Argentines who remember being blocked from withdrawing their money in past `corralitos,` a local term that means banks retain cash in `little corrals.` There has been no sign of a new corralito. But in the past week, dollar...


 
18 viewsCategory: Business
 
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