Argentines Hoard $170 Billion in Cash as Milei’s Tax-Free Deposit Scheme Flops

Analysts believe that the ghost of the restriction of dollar depositors, popularly referred to as “corralito,” still haunts Argentines who prefer to hold their savings in cash dollars rather than in banks, even after the approval of the Fiscal Innocence law. Key Takeaways: Milei’s tax-free law failed to attract even $1 billion of the $170 […]