Argentina to Allow Up to $100,000 in Undeclared Dollars for Purchases Amid $13B Tax Revenue, 2.7% Inflation

13 posts • GPT (4.1)

Published May 7, 2025, 01:53 AM

Argentina's government, led by President Javier Milei, is preparing measures to allow Argentines to use up to $100,000 in cash U.S. dollars for purchases without having to justify the origin of the funds. This policy is intended to encourage the use of an estimated $200 billion to $300 billion in 'dólares del colchón'—U.S. dollars held outside the formal financial system—by facilitating their circulation for transactions ranging from daily purchases to real estate. President Milei and Economy Minister Luis Caputo have stated that individuals who withdrew dollars from the banking system are not considered criminals, but rather people protecting their savings from inflation and previous government policies. The plan, described as a 'virtual amnesty,' is expected to allow these funds to be used without sanctions or the need for declarations, and may include a formal limit of $100,000 per person. The initiative comes as Argentina reports several positive economic indicators. In April 2025, tax revenue reached $13 billion, marking a 57.9% year-over-year increase and outpacing the 55.9% inflation rate for the second time in the year. Monthly inflation has dropped to 2.7% from nearly 211% previously, and the country has achieved a budget surplus for the first time in over a decade. Argentina is also projected to achieve an $8 billion surplus in its energy trade balance in 2025, up from $5.7 billion in 2024. The oil sector reported its best first quarter in 15 years, largely due to production from the Vaca Muerta field. Additionally, major retailer Carrefour has announced a price freeze on 1,500 products for four months, citing economic stability under Milei's government.

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Sources

infobae.com(7)ambito.com(5)derechadiario.com.ar(5)biobiochile.cl

La Derecha Diario

@laderechadiario

🇦🇷 | “KIRCHNERISM OR FREEDOM Does anyone want to go back to the past? Does anyone want to stop the change? Does anyone hate FREEDOM? LONG LIVE FREEDOM DAMN IT”: President Javier Milei's message about the La Libertad Avanza commercial defending the chainsaw in the City with Adorni. https://t.co/kmOaqL0KlL https://t.co/5u2NW3Hc0X

La Derecha Diario

@laderechadiario

🚨🇦🇷 | #AHORA La Libertad Avanza responded to the spot by radical Kirchnerist Leandro Santoro: “To disarm the chainsaw is to return to the past. This May 18, let's choose to move forward. Vote for Javier Milei by voting for Manuel Adorni.” https://t.co/q3pmjSMqHd

Ámbito Financiero

@Ambitocom

⭕ President Javier Milei defended those who in recent decades chose to buy currencies and withdrew them from the banking ecosystem to protect themselves from the macroeconomic fluctuations in Argentina | More information at https://t.co/Ux14wcyJxO https://t.co/rxAhv4fts8