NEW POLICY — Argentina tells citizens to use and deposit undeclared U.S. Dollars. No more keeping your cash under the mattress.
Dollars under the mattress: In Argentina, keeping savings outside the national banking system − whether hidden at home, in private vault companies, or abroad − and in US dollars is a deeply rooted habit. It stems from a long-standing mistrust of the peso’s value and from trauma that dates to the 2001 financial crisis, when …