corralito

From Spanish corralito (literally “playpen”).

corralito (uncountable)

1. The economic measures taken in Argentina at the end of 2001 by Minister of Economy Domingo Cavallo in order to stop a bank run.

From corral +‎ -ito. In the economics sense coined by Argentine journalist and commercial pilot Antonio Laje in reference to the fact that money is locked in banks and can't escape, just like children are locked up in the playpen when the Argentine government prohibited withdrawing money from bank accounts for a year between 2001 and 2002.^[1]

• IPA^(key): /koraˈlito/ [ko.raˈli.t̪o]
• Rhymes: -ito
• Syllabification: co‧rra‧li‧to

corralito m (plural corralitos)

1. diminutive of corral
2. playpen

   Synonym: parque de bebés

3. (Argentina, colloquial) corralito (economic measures taken in Argentina)
   • 2015 July 7, “Francia y la Comisión Europea se movilizan para evitar el Grexit”, in El País‎^[2]:

     Con los bancos cerrados, corralito y controles de capital, el primer impago al FMI en un país desarrollado, el final del segundo rescate y el reciente referéndum, la situación de Grecia se vuelve cada vez más delicada.

     (please add an English translation of this quotation)

• “corralito”, in Diccionario de la lengua española [Dictionary of the Spanish Language] (in Spanish), online version 23.8, Royal Spanish Academy [Spanish: Real Academia Española], 10 December 2024