[QUOTE=Cheerfull;429488]Does the place at Scalabrini Ortiz and Cervino accept $20s?[/QUOTE]Yes they do
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[QUOTE=Cheerfull;429488]Does the place at Scalabrini Ortiz and Cervino accept $20s?[/QUOTE]Yes they do
[QUOTE=Madu666;425193]Anyone know an exchangerate for euros at a cuevo?[/QUOTE]Probably about 8. 24 or so.
[QUOTE=Cheerfull; 429488]Hi Amigos,
Arrived into town on Monday. Already have had two experiences, more to follow. Does the place at Scalabrini Ortiz and Cervino accept $20s? I hear alot of money changers prefer to deal only with $100s.
Best,
Cheerfull[/QUOTE]Yes, they have no issue with that. In general there is not an issue changing 20s in Argentina.
[QUOTE=Dickhead;429582]Yes, they have no issue with that. In general there is not an issue changing 20s in Argentina.[/QUOTE]Some places will not accept 20s, and / or will offer a lower exchange.
[QUOTE=Dickhead;429582]Yes, they have no issue with that. In general there is not an issue changing 20s in Argentina.[/QUOTE]Things have change very much here. A year or so ago changing smaller bills was no issue, today it is.
I had a discussion with the owner at one of the cuevas I go to (not the one a Florida, a more serious one, or maybe the correct term is not an arbolito?) about this. I had brought him a stack of 20s and 100s to buy some pesos, knowing the 20s might be a problem. He told me that since I was a long-time client he'd try to deal with them, but the problem is that many people in South America are fixated by a desire for perfect bills, and in denominations of 100. Most people he does business with will not accept 20s although they will accept some older bills. Often when they do accept them, as Silver Star mentioned, they offer a poorer rate on whatever currency is being bought. He told me that if he could move them without problem he'd let it stand, but if I came back next month and he hadn't been able to move them, I'd have to cough up some $100s to replace them or take a hit on my next conversion rate.
I wouldn't say there's no problem with 20s, but somewhere someone will take them, just maybe not at the price you'd like.
[QUOTE=El Queso; 429591]I had a discussion with the owner at one of the cuevas I go to (not the one a Florida, a more serious one, or maybe the correct term is not an arbolito?) about this. I had brought him a stack of 20s and 100s to buy some pesos, knowing the 20s might be a problem. He told me that since I was a long-time client he'd try to deal with them, but the problem is that many people in South America are fixated by a desire for perfect bills, and in denominations of 100. Most people he does business with will not accept 20s although they will accept some older bills. Often when they do accept them, as Silver Star mentioned, they offer a poorer rate on whatever currency is being bought. He told me that if he could move them without problem he'd let it stand, but if I came back next month and he hadn't been able to move them, I'd have to cough up some $100s to replace them or take a hit on my next conversion rate.
I wouldn't say there's no problem with 20s, but somewhere someone will take them, just maybe not at the price you'd like.[/QUOTE]So moral of the story is to come here with 50's (no problem) or 100's in good condition (not written, stamped, torn, etc) , the problem is the American ATMs spew out 20's many of which are in ratty condition. Argentines are very fussy about the quality of their USD, and other so called hard currencies.
[QUOTE=El Queso; 429591]I had a discussion with the owner at one of the cuevas I go to (not the one a Florida, a more serious one, or maybe the correct term is not an arbolito?) about this. I had brought him a stack of 20s and 100s to buy some pesos, knowing the 20s might be a problem. He told me that since I was a long-time client he'd try to deal with them, but the problem is that many people in South America are fixated by a desire for perfect bills, and in denominations of 100. Most people he does business with will not accept 20s although they will accept some older bills. Often when they do accept them, as Silver Star mentioned, they offer a poorer rate on whatever currency is being bought. He told me that if he could move them without problem he'd let it stand, but if I came back next month and he hadn't been able to move them, I'd have to cough up some $100s to replace them or take a hit on my next conversion rate.
I wouldn't say there's no problem with 20s, but somewhere someone will take them, just maybe not at the price you'd like.[/QUOTE]The problem is that they need to move / smuggle huge amounts of money around and out of the country. A million $ in 20's take a lot more space than a package of 100's.
What you need to do before you leave is go to your bank and ask for clean bills. If they give you any flak, just explain you are leaving the country and most will understand why you want them. If not just explain why to them. I am always amazed at the high quality of US currency here. When a client pays me here it is often in new crisp new bills all in numerical order! If I was in the states I would be thinking forgery! Here its normal.
6. 2-1 at cervino Friday. 600 in 20's got from an atm in LAX
Is the coin store on Vincente Lopez the only reliable cueva in Recoleta? Thanks, Alex
The money exchange guy I use has said he would only accept up to $200 in twenties (the rest have to be $100 bills) but yesterday he had no problem exchanging $400 in twenties (which is mainly what I have) (6. 25:1 although I hear others get 6. 3:1). For those of you who are not following the business news, December 15 is judgement day for Argentina, financially and economically, due to a bond dispute in New York. People say what happens on Dec 15 could have serious reprecussions for the country. My question is what impact do you think this bond dispute is having on the peso and exchange rate? Is it better to buy pesos now or wait to see what happens?
[QUOTE=Cheerfull;429678]The money exchange guy I use has said he would only accept up to $200 in twenties (the rest have to be $100 bills) but yesterday he had no problem exchanging $400 in twenties (which is mainly what I have) (6. 25:1 although I hear others get 6. 3:1). For those of you who are not following the business news, December 15 is judgement day for Argentina, financially and economically, due to a bond dispute in New York. People say what happens on Dec 15 could have serious reprecussions for the country. My question is what impact do you think this bond dispute is having on the peso and exchange rate? Is it better to buy pesos now or wait to see what happens?[/QUOTE]The peso has gone down (or up depending on your point of view) around 12 cents in the past week. I would say wait if you can. Then there is always a possibility that the peso of today will be replaced with something new next year. Typical of this gov't to print new bills and say they are worth 1 to 1 or something equally crazy
Do you guys know if there are preferences regarding 50 or 100 EUR bills?
I have the option to bring EUR (at no cost to me) or to change to USD here and then exchange USD for ARS. My guess is that USD may have a slightly better exchange rate in Buenos Aires, but this advantage would be eaten up by the fees I pay here for changing EUR to USD.
[QUOTE=Aqualung;429590]Things have change very much here. A year or so ago changing smaller bills was no issue, today it is.[/QUOTE]I guess that doesn't surprise me. I sure don't miss bullshit like that.