The Minister of Economy announced that the first stage of the asset regularization has been extended until November 8. This extension is due to IT and administrative issues related to the transfer of the tax from abroad, as mentioned by Caputo.
The Ministry of Economy, through an official statement, detailed that funds can be regularized from November 1, 2024, to November 8, 2024, regardless of whether the funds were regularized or not by October 31, 2024. Those who withdraw funds starting November 1 will not be able to regularize additional amounts after that date.
Furthermore, funds regularized during this additional period must remain in special accounts or be designated for specific investments until November 8, 2024. During the first stage of the money laundering amnesty, which recently closed, dollar deposits reached record figures, exceeding expectations.
Deposits, which are allocated to the Special Asset Regularization Accounts (CERA), have experienced a substantial increase, reaching around US$ 35 billion according to official data. Since the beginning of Javier Milei's administration, dollar deposits have grown significantly, rising from US$ 14.2 billion to US$ 32.6 billion.
The flow of foreign currency has noticeably increased in recent times, showing an upward trend since the new Government took office and the devaluation of the currency. Dollar deposits have had an average monthly growth of over US$ 450 million between December of last year and June of this year. Subsequently, with the additional incidence of revenues through CERA, they increased by more than US$ 540 million per month between July and August, and rose by US$ 4.8 billion during September.
