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flight to cash

flight to cash
 n.— «With a full-scale banking crisis now in play, there followed the usual symptoms of such events—bank closures and insolvencies, a flight to “cash,” the creation of a “secondary market” in frozen deposits, the cessation of lending, the stopping of remittances and transfers, and other maladies destructive of monetary institutions.» —by Trevor Wilson Myanmar’s Long Road to National Reconciliation Aug. 30, 2006. (source: Double-Tongued Dictionary)

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