Argentina is easing foreign currency reporting rules to encourage residents to start using an estimated $271 billion in cash dollars squirreled away in mattresses and foreign bank accounts, long held by Argentines as a hedge against decades of economic turmoil.
Argentines will be able to use dollars without declaring where they came from, presidential spokesman Manuel Adorni said at a press conference on Thursday. Previously, the dollars could not be used without declaring their origin, which triggered taxes.
The
