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US News Falw by a false rumor, thousands of Argentines remove their dollars from banks

01:50  08 december  2021
01:50  08 december  2021 Source:   rfi.fr

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in Argentina, thousands of people withdrew their banks' dollar savings last week. A rumor circulating on social networks announced the imminent implementation of severe restrictions on withdrawals. A false information that has awakened the spectrum of the December 2001 economic, political and social crisis.

with our correspondent in Buenos Aires, Theo consciousness

The rumor returned Argentina twenty years back. A message shared hundreds of times on whatsapp first, then on Facebook and Twitter, warned of the imminent return of the "Corralito", these restrictions on the withdrawals of dollars set up in December 2001 to curb the race for liquidity and the flight of capital in a context of crisis.

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There are two decades exactly, this measure had triggered a vast movement of social anger, which ended with rapidly repressed events and the resignation of the government and the president.

flushed with the idea of ​​reliving this nightmare and to be once again cut off from their economies, thousands of Argentines, many of which small investors, so took out their dollars from their bank accounts to put them on 'shelter under their mattresses. In all, nearly $ 500 million, 3% of private savings from the country, have been withdrawn between Monday and last Thursdays according to the latest official figures.

►Lire: Argentina takes steps to try to limit the escape of dollars

to this beginning of panic movement, the central bank issued last week a statement to deny the rumor of new restrictions, and specify that the cash reserves in foreign currencies of banks have never been as high. The institution nevertheless had to send more than $ 100 million to cash to banks to prevent any risk of physical shortage.

If the pace of withdrawals has declined since then, the reaction of many Argentines in front of this rumor emphasizes the extent to which the trauma of the 2001 crisis is still present in the memories.

►Archive RFI: Lyrics of Argentines, the crisis culture (2014)

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