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Meaning of corralito en españa by John Rene Plaut





John Rene Plaut

corralito en españa
  16

CORRALITO (in Spain) . A pen is a restriction decreed by a government that consists in blocking citizens' access to their banking funds, to prevent them from withdrawing their money at the same time, sinking the financial system. It also refers to the freezing of deposits in strong currency and the repayment in current currency, devalued, with which creditors lose their savings, paid at vile price, for the benefit of the State. .

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