Argentina’s new plan to bring back $270 billion in undeclared dollars
Argentina’s government introduces a plan to repatriate billions in undeclared U.S. dollars, aiming to boost currency reserves and stimulate the economy. The initiative, led by President Javier Milei, removes tax reporting requirements for repatriated funds, allowing citizens to use undeclared dollars without disclosing their sources. Concerns arise about potential financial transparency issues and the risk of facilitating illegal funds.