The central bank called a bank holiday for yesterday and today.
The monetary authority called the bank holiday to prevent pressure on the banking system following a Supreme Court ruling Friday that declared Duhalde's freezing of a third of Argentine deposits unconstitutional. The ruling opens the way for a flood of lawsuits to allow Argentines to withdraw their savings.
The high court ruling came 48 hours after Congress began a probe into the Supreme Court. Just three weeks ago, the court threw out a lower court ruling that would have allowed depositors to withdraw their money.
Deputies said Congress will continue to work on a probe into the Supreme Court that may potentially remove one or more justices through a special congressional vote. Argentines have held weekly protests outside the nine-member court.
In the four weeks since Duhalde dropped a decade-old currency system that had kept the peso pegged 1-to-1 to the dollar, the country has kept a fixed rate for trade transactions while letting money-changers set their own rates.
RSS