💨 Abstract

Argentine President Javier Milei compared dollarization to different types of pizza, emphasizing the variety of models. His government announced measures to accelerate the process, focusing on formalizing dollars held outside the legal system. The "Plan de reparación histórica de los ahorros de los argentinos" involves two stages: updating regulations for the Financial Information Unit and ensuring the scheme's continuity regardless of political changes. Key changes include reduced reporting of transactions, increased thresholds for reporting to tax authorities, and simplified tax procedures.

Courtesy: WTOP Staff