Corralito

A "corralito" refers to a government-imposed restriction on bank withdrawals, typically implemented during financial crises to prevent bank runs and stabilize the economy. It limits individuals' ability to access their savings, often allowing only small amounts per day. While designed to protect the financial system, corralitos can create hardship by restricting access to funds, leading to loss of trust in banks and economic uncertainty. This measure is usually temporary but can have lasting impacts on people's confidence and financial stability.