Reported about 14 hours ago
Argentina's President Javier Milei has introduced a bold initiative to bring back billions of undeclared U.S. dollars believed to be hidden in foreign accounts and under mattresses, aiming to strengthen the country's economy and international currency reserves. The plan will allow savers to spend these unreported dollars without tax scrutiny, encouraging the use of dollar-denominated savings in domestic transactions as Argentina transitions toward a new currency system. While this aims to stimulate economic activity, it raises concerns regarding potential tax evasion and illegal funds entering the formal economy.
Source: YAHOO