Monday, December 19th 2011 - 03:11 UTC

Argentina appeals to sniffer dogs to detect capital flight at border crossings

Argentina attempt to control capital flight through strict foreign exchange measures including the tax revenue office which gives its approval or denial to foreign money transactions have added another tool: sniffer dogs.

Golden retrievers and Labradors in the game of hunting for fleeing dollars

A hundred specially-trained dogs have been deployed to several border-crossing outposts throughout Argentina in order to sniff out dollars concealed in luggage, cars on adhered to the body.

The move put in place by the government of President Cristina Fernandez is described as another effort to stop a massive currency flight from the country. Argentina is trying to stop the local savers and investors who last month withdrew over 3 billion dollars from their bank accounts from taking their money abroad.

Last Monday, trained dogs detected 30,000 dollars concealed inside the spare tire of a BMW as its driver prepared to cross over to Uruguay, the Buenos Aires media reported.

The measure, which will be intensified during the summer months, was put into place in June and was given a trial period of six months, during which 1.5 million undeclared dollars were detected by dogs.

The Border Patrol will be paying special attention to border crossings with Uruguay, Paraguay and Bolivia. Tens of thousands of Argentines cross over in summer to enjoy beaches in Uruguay where they have billions of dollars in bank deposits and real estate investments.

The Golden Retrievers and Labradors are specially-trained to identify the smell of dollars and Euros.

The Argentine government announced that the current doggy generation will soon be joined by a several flat coated retrievers that the AFIP tax agency bought from the Norwegian government and sent to the south in order for them to breed.

In the third quarter of this year according to Central bank data, 8.4billion dollars left Argentina, which is higher than the 6.1billion of the second quarter. The same data shows that capital flight in the first ten months of 2011 totalled 18 billion dollars.

Capital flight has been spurred by the Argentine election year, manipulated inflation data and expectations about economic policy, besides the fact that an overvalued currency has caused a consumer boom.
 

30 comments Feed

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1 Redhoyt (#) Dec 19th, 2011 - 03:50 am Report abuse
They should employ my wife ... she can sniff out cash 100 yards away !
2 Think (#) Dec 19th, 2011 - 05:43 am Report abuse
(1) Redhoyt

A charming characteristic of that special breed….
Problem is …… they don’t retrieve… they spend :-(
3 stick up your junta (#) Dec 19th, 2011 - 09:31 am
Comment removed by the editor.
4 DouglasBlammo (#) Dec 19th, 2011 - 10:59 am Report abuse
Deja vu?
5 lsolde (#) Dec 19th, 2011 - 11:10 am Report abuse
Round to go 'round or flat to stack?
6 wesley mouch (#) Dec 19th, 2011 - 11:34 am Report abuse
These dogs are so well trained that they know not to signal if the money belongs to a Peronist official
7 yankeeboy (#) Dec 19th, 2011 - 02:03 pm Report abuse
If someone is caught with U$ and are one of the “enemies” of the state they can be indicted on terrorist charges!

Between control of the newsprint, currency and land acquisition democracy is dying in Argentina...if it ever really existed.

You can't have a functioning democracy when the population is dumb and corrupt. I think the country functioned better under a dictatorship anyway.
It will be interesting to see what happens when its hot and people are back from vacation in Feb.
8 livin' in argentina (#) Dec 19th, 2011 - 02:26 pm Report abuse
Democracy at work. I work for my money. I invest my money here. I pay taxes. I employ workers who pay taxes. But i can not spend it legally where ever I want. Unless the Argentine government says so.
9 ChrisR (#) Dec 19th, 2011 - 05:37 pm Report abuse
At least the dogs are more attractive than CFK.
10 Frank (#) Dec 19th, 2011 - 08:45 pm Report abuse
But the dog in the Casa Rosada is good at sniffing out money... other people's money.........
11 Beef (#) Dec 19th, 2011 - 11:17 pm Report abuse
Think - perhaps you can tell me why it is right (or in fact legal) for a gvt to stop people doing what they want with their own money? Providing of course what they are doing is not breaking a criminal law such as drug dealing etc.

On the day that the Dear Leader of preventing individual liberty snuffed it perhaps you can explain why your county want to curtail people's individual freedoms?
12 Artillero601 (#) Dec 20th, 2011 - 02:22 pm Report abuse
Good question ! don't except an answer from Think. he doesn't like it when people criticize the government and all the wonderful things they are doing .....

Think, BTW, did you give up the subsidies already? :-)
13 Forgetit87 (#) Dec 20th, 2011 - 06:02 pm Report abuse
Aw, what cute fellas.
14 geo (#) Dec 20th, 2011 - 07:26 pm Report abuse
** 11 Beef

your argument is valid for all other countries too ...!
15 Think (#) Dec 20th, 2011 - 08:12 pm Report abuse
Artillero 601

Try to read the article above!…….. It says:

”The measure was put into place in June and was given a trial period of six months, during which 1.5 million undeclared dollars were detected…. ”

As you can read; we are talking about “UNDECLARED DOLLARS”

What are the Argentinean Currency Export Regulations?:
”The exportation of foreign bills and coins and precious metals for amounts higher than US$ 10,000.- (TEN THOUSAND AMERICAN DOLLARS) or its equivalent in other currencies is prohibited, UNLESS through FINANCING AND FOREIGN EXCHANGE ENTITIES duly authorized……”
www.afip.gob.ar/english/touristInformation.asp#g

WoooooooW……. What a bunch of comunists !!!
But …… Wait a second……

What are the European Union Currency Export Regulations?:
”The regulation places an obligation on any person entering or leaving the EU and carrying cash of a value of EUR 10 000 or more to declare that sum to the competent authorities.
The declaration is provided in writing, orally or electronically, to be determined by the EU country, and must contain information on:
• the declarant, including full name, date and place of birth and nationality
• the owner and the amount and nature of the cash
• the intended recipient of the cash
• the provenance and intended use of the cash”
europa.eu/legislation_summaries/customs/l25069_en.htm

And what are the US Currency Export regulations?:
local currency (United States Dollar-USD) and foreign currencies: no restrictions, provided that arriving and departing passengers must report to US customs any money or other monetary instruments exceeding USD 10,000………….
www.iatatravelcentre.com/US-United-States-of-America-customs-currency-airport-tax-regulations-details.htm

So... What’s your freakin’ problem?
Same rules all over the civilized world!

PS:
Firewood is not subsidized in Patagonia and my electricity comes from photovoltaic panels.
16 Artillero601 (#) Dec 20th, 2011 - 08:46 pm Report abuse
photovoltaic panels.... Solar panels? the whole house?
17 Think (#) Dec 20th, 2011 - 08:57 pm Report abuse
Yupppppppppppppp....
18 Artillero601 (#) Dec 20th, 2011 - 09:08 pm Report abuse
Outstanding ! Either the solar panels are cheaper in the mother land or you are a very rich person, because the ROI on those solar panels are not here yet.

who in the hell is going to declare money when you are trying to get it out of the country? who is going to be “the patriot” ??
19 Think (#) Dec 20th, 2011 - 09:28 pm Report abuse
1) Solar panels ain’t that cheap but I ain’t a Yank either…..................

No Air Condition.
No Dishwasher.
No Dryer.
No 60´´ TV.
No Microwave.
No Ice Machine.
No even an Iron.

2) Nothing to do with “patriotism”. In Argentina, if you have earned your money legally and if you have paid the due taxes, you are free to send all of it anywhere you choose…
20 Artillero601 (#) Dec 20th, 2011 - 09:33 pm Report abuse
You forgot the swimming pool !!!
21 Think (#) Dec 20th, 2011 - 09:42 pm Report abuse
No swimming pool either....
But a lake nearby I have...
And a Ñuke.
22 livin' in argentina (#) Dec 21st, 2011 - 03:01 am Report abuse
15 Think (#) Dec 20th, 2011 - 08:12 pm

So... What’s your freakin’ problem?
Same rules all over the civilized world!

--The problem is the EU and USA won't steal your money if you declare it. Argentina will. I know of a few people who fell into this trap. Honest people who worked hard for their money only to have customs quote the law and take everything. Since they also make it almost impossible to transfer money via a bank account what other option is there?
23 lsolde (#) Dec 21st, 2011 - 09:29 am Report abuse
Well, l've caught Think out telling the truth for once.
@post # 15, re US Currency Export Regulations.
l went through US customs with $9,000 cash in a side pocket.
Nobody batted an eyelash.
24 Artillero601 (#) Dec 21st, 2011 - 02:21 pm Report abuse
@22

The problem is the EU and USA won't steal your money if you declare it..... My point exactly !!!

@23 Depends where you come from. A friend of mine came to visit last year with 8k in cash and he end up with a rectal exam. True story
25 livin' in argentina (#) Dec 21st, 2011 - 04:40 pm Report abuse
where was he coming from and going to?
26 Artillero601 (#) Dec 21st, 2011 - 05:39 pm Report abuse
Buenos Aires - Dallas
27 lsolde (#) Dec 23rd, 2011 - 10:32 am Report abuse
@24Artillero601,
lt was a few years ago, 2007.
l was leaving the USA. Going back to lndonesia.
$9000 in my pocket & $5000 in my bag.
We had been buying spare parts for the coffee plantation.
28 ChrisR (#) Dec 23rd, 2011 - 12:47 pm Report abuse
21 Think

I think the final word in this little ditty is PUKE.
29 Artillero601 (#) Dec 23rd, 2011 - 03:04 pm Report abuse
@27

Probably you are blonde with blue eyes ? ;-))
30 lsolde (#) Dec 23rd, 2011 - 11:22 pm Report abuse
@29
Yes,
Opens many doors
An unfair advantage
ln the Philippines, treated like a God/Goddess(dependent on gender of course!)
Stereotyping people is wrong but stiil happens.

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