Feb 11 • 04:26 UTC 🇦🇷 Argentina La Nacion (ES)

Javier Milei, live: the latest measures of the Government

Javier Milei's government has implemented new economic measures to encourage Argentines to invest their dollars held outside the banking system.

In a live update, Javier Milei's administration announced significant economic measures aimed at stimulating financial activity among Argentines. This follows the issuance of a regulatory decree regarding the Fiscal Innocence Regime, which introduces a Simplified Income Declaration System intended to motivate citizens to bring their dollars out from hiding, often kept in "the mattress." The Ministry of Economy quickly organized an explanatory meeting for key players in the local capital market to discuss this initiative and its implications.

The meeting, held at the Ministry of Economy, was led by Luis Caputo, who had recently urged Argentines to deposit their savings in banks. The involvement of high-ranking officials, including the president of the Central Bank, Santiago Bausili, underscores the administration's commitment to the new law. The goal is to boost liquidity and enhance the investment climate in Argentina, which has faced significant economic challenges in recent years.

The reactions from the opposition and various economic sectors will be crucial in assessing the potential success of these measures. As the Milei government seeks to restore confidence in the financial system, the effectiveness of these initiatives will be closely monitored by both supporters and detractors, highlighting the ongoing tension within Argentina regarding economic policy and governance.

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