Argentines Rush to Deposit Cash Savings as Part of Milei Policy

[carride]

Argentines Rush to Deposit Cash Savings as Part of Milei Policy

Argentines are taking their dollar savings out from under the mattress and depositing them into banks in a vote of confidence for President Javier Milei as well as his tax amnesty program.

www.bnnbloomberg.ca

While the phenomenon is beefing up the central bank’s gross reserves, the institution’s liabilities remain greater than its assets. Net reserves stand at negative levels of around $6 billion, according to the local brokerage PPI.

 

[Quilombo]

Argentines are taking their dollar savings out from under the mattress and depositing them into banks in a vote of confidence for President Javier Milei as well as his tax amnesty program.

LOL. Now that's wishcasting. Akin to a balding man assuring his wife that his hair is falling out so new hair will take it's place.

I'm guessing it's due to everything being so expensive compared to wages, and people having to spend their saved dollars to pay taxes/cost of living/etc. like Caputo said.

 

[LuckyLuke]

LOL. Now that's wishcasting. Akin to a balding man assuring his wife that his hair is falling out so new hair will take it's place.

I'm guessing it's due to everything being so expensive compared to wages, and people having to spend their saved dollars to pay taxes/cost of living/etc. like Caputo said.

You're better off selling dollars for a plazo fijo if rumors of the cepo removal are true...