# Argentine Economy Minister asset controversy

> Live situation record from CLSTR: https://clstr.news/situations/argentine-economy-minister-asset-controversy
> Updated: 2026-09-09T13:21:50.000Z. Sources: 17. Developments: 2.

Argentine Economy Minister Luis Caputo continues to face political scrutiny regarding his personal financial disclosures. Critics, including former President Alberto Fernández, have highlighted that approximately 95.3% of Caputo’s deposits are held in foreign accounts, contrasting with his public calls for citizens to move US dollar savings from informal storage into the formal banking system.

During a recent university lecture, Caputo reaffirmed the administration’s commitment to an orthodox economic program. He emphasized that the government’s fiscal surplus is ‘untouchable’ and rejected any plans to increase public spending for electoral purposes. Addressing broader economic stability, he noted that the government’s priority remains disinflation, even as the gap between the wholesale dollar and the exchange rate band widens.

## Timeline

### 2026-09-09: Argentina Central Bank reveals gold reserves are held in Switzerland

Argentina's Central Bank confirms gold reserves are in Switzerland amid audit disputes, while Economy Minister Luis Caputo faces criticism over his calls for citizens to formalize dollar savings.

9 sources. https://clstr.news/cluster/luis-caputo-urges-argentines-to-move-dollar-savings-into-formal-banks

### 2026-08-31: Luis Caputo declares 97% of liquid assets held abroad

Argentine Economy Minister Luis Caputo's 2025 asset declaration reveals that 97% of his liquid deposits are held in foreign accounts, including a major account in the United States.

9 sources. https://clstr.news/cluster/luis-caputo-holds-97-of-liquid-deposits-abroad-amid-rising-dollar-savings

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Cite as: Argentine Economy Minister asset controversy. CLSTR, https://clstr.news/situations/argentine-economy-minister-asset-controversy