Government Malei relieves control of non -declared dollars of Argentines
The plan, which includes a project to change tax criminal law, “is not a money laundering,” the economy minister Luis Caputo said at a press conference on Thursday.
According to estimates by the government itself, for each weight registered in the Argentine economy, there are five in informality, which caputo attributed to “excess controls, taxes and regulations.”
The Argentines, suspicious of the banking system after successive crises involving the confiscation of funds, got used to protecting their economies from high inflation by joining dollars outside the system.
In addition, the currency controls that have been in force for over a decade until last April encouraged the purchase of dollars in the parallel market. Now the government seeks to capture these values to revitalize the economy.
The new system will come into force on June 1 under the premise “its dollars, its decision”.
Presidential spokesman Manuel Adorni said the new regime “will allow Argentines to freely dispose of their economies without having to demonstrate where they have taken them from” and denied that this represents risks related to money laundering from illicit operations that, he said, “will continue to be investigated.”
