BBC-Item-15
2017-01-26
The Argentine Central Bank says it’s suspending
banking and currency exchange operations from next
Monday. The move follows a growing number of court rulings
that allow people to take money out of their accounts despite
government's restrictions on cash withdrawals.
This has left fears some banks might draw a lot of cash.
A BBC correspondent in the region says the extreme
measure of suspending all transactions indefinitely
will do little to stop the downward economic spiral
and it suggests that the banks are on the verge of collapse.
Argentine television has been showing pictures of people
crying because they are unable to buy food.