Pesificación – Banks must return 2001-02 frozen deposits – Argentina
Argentina’s supreme court has upheld a 2002 government decision to convert US dollar bank accounts into devalued pesos, a process known as pesofication, the court said in a statement. At the height of the country’s 2001-02 economic and financial meltdown, President Fernando de la Rúa opted for a freeze on deposits (known as corralito) and […]
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