ARGENTINES DEMAND US DOLLARS BUT DONT TRUST NATIONS BANKS FOR SAFEKEEPING

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