Feb 9 β€’ 19:41 UTC πŸ‡¦πŸ‡· Argentina Clarin (ES)

"Everyone to take their savings to the bank": Caputo's rallying cry for the new tax amnesty that received a jab from a K senator

Luis Caputo, Argentina's Economy Minister, urged citizens to deposit their savings in banks as part of a new tax amnesty initiative, prompting ironic remarks from Senator Juliana Di Tullio.

Luis Caputo, the Argentine Minister of Economy, showed strong support for the newly regulated Tax Innocence Regime, encouraging the public to deposit their hidden savings into banks. This initiative, which commenced this Monday, aims to incentivize Argentinians to repatriate their money that has been kept outside the financial system. Caputo stated that it marks a new era where citizens' rights to their savings are acknowledged, fearing that previous governmental actions had alienated many from the banking system.

The call to action was met with quick backlash from Senator Juliana Di Tullio, a member of the opposing Kirchnerist party, who sarcastically replied, urging Caputo to personally bring his own funds back to the country and deposit them at Banco NaciΓ³n. This exchange illustrates the political tension surrounding economic reforms in Argentina, as the country grapples with a challenging financial landscape where many have been hesitant to trust banks and financial institutions due to previous crises.

Amidst these discussions, Manuel Adorni, the Chief of Cabinet, highlighted the government's commitment to changing the narrative around savings, implying a shift towards greater financial security for citizens. The amnesty aims to restore trust in the banking system while seeking to stabilize the national economy by encouraging the circulation of withheld funds. This strategy reflects a broader effort by the current administration to build a more secure economic framework that could potentially regain public confidence.

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