『The Argentinian "Corralito" : Economic and Political Argentinian crisis』のカバーアート

The Argentinian "Corralito" : Economic and Political Argentinian crisis

The Argentinian "Corralito" : Economic and Political Argentinian crisis

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Saturday, December 1, 2001. Argentine banks are closed, as they are every weekend. And that is precisely why the government chooses that day to sign Decree 1570.


On Monday, when the doors open, each saver will be able to withdraw up to two hundred and fifty pesos a week. No more. The money is still there, in the account, bearing its owner's name. It simply cannot be taken out.


The press quickly finds the exact name for it: *corralito*. That wooden playpen where babies are kept so they don't hurt themselves. The word captured it all: the confinement, and the notion that it was for your own good.


Eighteen days later, millions of people would take to the streets banging pots and pans, and a president would leave the Casa Rosada by helicopter.


I am Juan Navarrete, and this is *Crónicas al sur del Río Grande* (Chronicles South of the Rio Grande). Today: how a country found itself locked out of its own money.

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