Cash dollar amnesty in Argentina

Got some dirty dollars? Invest them in Argentina!. The government has a plan to let you turn tainted dollars legal; you just need to find an Argentinian to buy property with your cash:

The scheme, referred to locally as the “laundering law”, invites those with undeclared dollars to invest in property and the energy industry without facing penalties for their previous financial chicanery. The government believes that Argentines have about $160 billion tucked under their mattresses or hidden away in foreign bank accounts. That is about four times the value of Argentina’s foreign currency reserves.

Leave a Reply

Your email address will not be published. Required fields are marked *