Mattress Dollars: One by One, All Measures Announced by the Government

This Thursday, the government of Javier Milei announced a series of economic measures, to encourage Argentines to use the "dollars that are under the mattress" - not declared-. The one in charge of communicating it was the presidential spokesman, Manuel Adorni, who remarked that from now on "the principle of innocence" that marks the National Constitution will be respected, under the name of: "Plan of Historical Reparation of the Savings of the …

The package announced by the economic team includes regulatory reforms, tax benefits, administrative simplification and a new digital tax regime, focusing on taxpayer relief and privacy protection

ARCA will stop asking for purchase information with cards, the scribes will not report important transactions and neither will the purchase of used cars be reported, among other measures.The key is that neither the increase in property nor personal consumption will be pursued.

The Argentine government recently implemented a series of resolutions aimed at promoting the circulation of undeclared dollars, popularly known as “the mattress” dollars. These measures seek to energize the local economy through the income of foreign exchange that until now remained outside the formal circuit. However, according to economist Miguel Ponce, there are still no formal bills that grant solid legal guarantees to those who decide to la…

According to studies carried out by expertise consultants in the field, the package that exempts people from obligations in declaring dollars "under the mattress" will not have immediate effects. "We do not expect that directly they will generate a significant supply of dollars in the exchange market."

With some delay, the government finally announced measures that seek to persuade people of the convenience of using the dollars treasured in the mattress to put them to work in the economy. The libertarian administration considers that this is the first time since the recovery of democracy in 1983 that a government understands the harsh reality that came through millions of Argentines who saw much of their life savings lost at the hands of gover…