What was the banking restriction popularly known as the 'Corralito', enacted in December 2001?
Answer and explanation
Correct answer: C. A limit on cash withdrawals from bank accounts to 250 pesos/dollars per week
- Step 1: Implemented by Minister Domingo Cavallo to stop a massive run on banking reserves. Step 2. It paralyzed the cash-based informal economy and infuriated middle-class savers. Answer: A limit on cash withdrawals from bank accounts to 250 pesos/dollars per week. Why not the others: It triggered popular pot-banging protests (cacerolazos) that toppled the De la Rúa government.
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