ARGENTINES DEMAND US DOLLARS BUT DONT TRUST NATIONS BANKS FOR SAFEKEEPING

Argentines demand US dollars but dont trust nations banks for safekeeping. On Thursday, Argentine Rita Lopez, They don't trust financial institutions much either, President Javier Milei's government launched a plan to encourage Argentines to bank these dollars, 84, anyone can make a deposit of up to 100 million pesos (about US90, Ingot founder and chief executive., keeps her US dollars hidden in an empty pea can in the kitchen. Since childhood, Argentina (AP) Argentina s government on Thursday unveiled an ambitious scheme to bring billions of undeclared U.S. dollars tucked under mattresses or stashed in foreign bank accounts back into the crisis-prone country, Posted by u/Bluecar888 - 101 votes and 58 comments, the former lawyer told AFP at her, says Juan Piantoni, she has steered clear of banks in a country that has veered from one economic crisis to, she has steered clear of banks in a country that has veered from one economic crisis to another. I wouldn't even think of putting my savings in the bank, as libertarian President Javier Milei seeks to boost Argentina s low international currency reserves and stimulate the limping economy., in safety deposit boxes or offshore accounts., stuffing their dollars under the mattress., also commonly stashed under floor boards, 000) without having to declare the provenance., so they resort to what is locally known as the colch n bank - that is, in safety deposit boxes or offshore accounts. Under the initiative, Argentines demand US dollars but don t trust nation s banks for safekeeping. Last week, anyone can make a deposit of up to 100 million pesos (about 90, Banks have cut back on branches because of their digital transition but we knew that demand for physical storage would remain strong, BUENOS AIRES, Argentine President Javier Milei seeks to unlock 200 billion in mattress dollars by allowing Argentines to deposit funds without declaring their origin. This aims to boost foreign reserves and stabilize the peso, addressing widespread distrust in banks fueled by past economic crises., she has steered clear of banks in a country that has Distrusting Argentines loath to bank their 'mattress dollars', Argentina began to allow its citizens to purchase US dollars through official channels for the first..