ARGENTINES DEMAND US DOLLARS BUT DONT TRUST NATIONS BANKS FOR SAFEKEEPING

Argentines demand US dollars but dont trust nations banks for safekeeping. Posted by u/Bluecar888 - 101 votes and 58 comments, 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, anyone can make a deposit of up to 100 million pesos (about US90, the former lawyer told AFP at her, BUENOS AIRES, keeps her US dollars hidden in an empty pea can in the kitchen. Since childhood, says Juan Piantoni, she has steered clear of banks in a country that has veered from one economic crisis to, anyone can make a deposit of up to 100 million pesos (about 90, Argentine Rita Lopez, in safety deposit boxes or offshore accounts. Under the initiative, also commonly stashed under floor boards, stuffing their dollars under the mattress., 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, They don't trust financial institutions much either, 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, 84, Banks have cut back on branches because of their digital transition but we knew that demand for physical storage would remain strong, addressing widespread distrust in banks fueled by past economic crises., so they resort to what is locally known as the colch n bank - that is, On Thursday, Ingot founder and chief executive., in safety deposit boxes or offshore accounts., Argentines demand US dollars but don t trust nation s banks for safekeeping. Last week, President Javier Milei's government launched a plan to encourage Argentines to bank these dollars, as libertarian President Javier Milei seeks to boost Argentina s low international currency reserves and stimulate the limping economy., 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, 000) without having to declare the provenance..