Argentines Hoard $170 Billion in Cash as Milei’s Tax-Free Deposit Scheme Flops
Key Takeaways: Milei’s tax-free law failed to attract even $1 billion of the $170 billion held outside banks, curbing liquidity. Facimex Valores Adrián Yarde Buller notes that citizens distrust banks due to the 2001 crisis. Milei has walked back his main campaign promise to dollarize Argentina, citing peso preference. Argentines Still Distrust the Government: Fiscal…
