The Government is finalizing the details of its plan to launder the "mattress dollars."

In the coming days, Javier Milei's government will embark on an unprecedented venture to try to convince millions of Argentines that they can safely use the dollars they, in many cases, have been saving for decades.

The government is moving forward with the " cultural battle ," now trying to demonstrate that those who keep their dollars out of the reach of the Treasury are not tax evaders, but "heroes." And it will do so by decree, to prevent the opposition from trying to block it in Congress. The "total amnesty" is expected to be implemented in no more than two weeks .

The government expects to collect at least US$2 billion in taxes this year thanks to the measure, meaning it aims to launder some US$10 billion between now and December.

Blue dollar dollar bills

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This represents yet another bold move by President Javier Milei, who, along with Economy Minister Luis Caputo, is seeking tools to guarantee millions of Argentines that if they use their "canuto" of foreign currency, they will not be persecuted.

The government is analyzing the fine print to provide guarantees to those savers, which could play a key role in monetizing the economy and shoring up growth.

This represents approximately US$200 billion of the floor money that has been saved. This represents a third of the year's Gross Domestic Product . If part of these funds were to be poured into the financial system, there would be a credit shock.

Among the options being considered is enabling agricultural producers to pay for inputs directly in foreign currency.

As an incentive, these transactions could be exempt from paying the check tax, which is 1.2% of the transaction value. "It's a measure for producers because they're looking for the dollars they have stashed away," market speculates.

The Minister of Economy explained that the underlying objective is to enable the use of undeclared dollars for specific purchases: " That they be used without explanation."

Milei points out that if these currencies are returned to the system, it could be a " huge injection to trigger an investment boom ," and help the country accelerate its growth process.