December 2001:
Economy minister Domingo Cavallo announces the corralito – sweeping restrictions on access to cash deposits designed to halt a run on the banks. The IMF suspends $1.3 billion in aid.
December 20 2001:
President Fernando de la Rua resigns after at least 25 people die in street protests and rioting.
December 23 2001:
Adolfo Rodríguez Saá is named as new interim president. During the last week of the year, the government defaults on $81.8 billion of debt – the biggest default in history.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
