Argentina's Mattress Dollars Hold at US$268.8 Billion, Just Below the Record

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The latest survey of the Indec shows growth during the second half of this year.The government is trying to capture some of this total with the Tax Innocence Act.

la Nacion

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Despite the decline in inflation recorded by the economy since the peak of 2024 and the government's insistent request for citizens to take their dollars “out of the mattress” through money laundering and other initiatives, official data show that the foreign exchange stock that Argentines keep outside the system does not stop growing. It is a consolidated behavior over the years, between instability, rising cost of living, loss of purchasing po…

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The INDEC data show a new upswing of the stock of banknotes treasured outside the formal circuit. The record reopens the debate on trust, the scope of Tax Innocence and the difficulties of the government in channeling those funds into the financial system.