Argentina’s government has announced measures to encourage citizens to bank the billions of dollars they have stashed under mattresses and floorboards as well as in safety deposit boxes and offshore accounts. “It’s a new regime that will allow Argentines to freely use their savings, without having to prove where they came from.” Over years of high inflation and currency controls, Argentines traded their battered pesos for dollars, which they often hoarded at home, in cash.
SOURCE: HURRIYET DAILY
https://www.hurriyetdailynews.com/argentina-seeks-to-draw-dollars-out-from-under-mattresses-209503