Milei Carves Path for Savers to Stop Stashing Cash Under Couches

After decades of financial crises, Argentines tend to keep their money just about anywhere except a bank — under the couch, dug in the backyard or in bulletproof bunkers. One ex-politician famously stashed cash at his local convent. The nuns helped out.

President Javier Milei convinced nearly 300,000 Argentines to declare over $20 billion in a tax amnesty program that established that deposits above $100,000 had to remain untouched in bank or brokerage accounts until Jan. 1, 2026, to avoid a levy. After that, Argentines with the so-called CERA accounts will be free to move their money — a ...