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Brazil & Southern Cone - October 2024

Introduction

This October edition of the Latin American Regional Report: Brazil & Southern Cone begins in Argentina, a country with a deep-seated mistrust in the banking sector, where the government led by President Javier Milei is continuing its asset regularisation drive. Stored in safety deposit boxes, offshore bank accounts, stashed in attics or under mattresses, the hidden cash reserves of Argentines are estimated to total around US$200bn.

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