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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who started this subject12/1/2001 9:25:00 AM
From: stomper  Read Replies (2) of 436258
 
Argentina to Dollarize Peso Deposits
BUENOS AIRES, Argentina (Reuters) - Argentina will convert peso bank deposits into dollars and temporarily limit cash withdrawals, a top official told local radio on Saturday amid fears of a run on banks by nervous savers.

``There is a restriction on the use of cash,'' Cabinet Chief Chrystian Colombo said. ``You can't take out more than $1,000 in cash.''

biz.yahoo.com
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