ATM's

I got nothing from the machine, Nothing, but in checking my bank account on line account afterward it showed the transaction completed.

$250 dollars had been debited from my account.

Exon

Go to the bank branch where the ATM is located during business hours, usually 9-3. Bring your receipt.

If that doesn't work, call your US bank and claim a bad transaction like you would with an unrecognized/fraudulent credit card transaction.

I've already done that, its was interesting.

After waiting a while I got the girl that speaks English. She told me being Sunday night the machine was out of money. She also stated that tonight being Monday night, when my Bank Z's out their computers the money with be credited back into my account.

I Certainly Hope So, more to report later.

Interestingly, Banko Paribas, a huge French International Bank was quoting interest rates.

Really for this Mongers, if you like "Frog's"

Their paying 8% on dollar accounts.

And 19.38 % on accounts in Peso's.

Sorta tell's you why they want all cash for buying property down here.

Also If I trusted the "Frog" Mother Fuckers, I'd think long and hard about moving some Dollars down here to take advantage of the 8 %. But I don't trust the CockSuckers and if its to good to be true it always is, you'll get Fucked somehow.

Exon

Those are probably CDs. 19% on soft pesos isn't enticing, 8% on dollars is at least worth considering and running thru a risk model. Do you feel wise enough to know when the next financial crisis is coming and when it's time to pull hard currency out?

I have some dollars sitting in a BancoRio simple current account and the rate is like 1/10th of 1% pa.

I still prefer Euro-denominated exposed creditor positions in Argentina. In theory, the government can no longer legally (or illegally) convert a dollar to a peso at 1:1, 1:1.40 or any other artificial rate but it's happened before. The law of convertibility is history but the legacy remains. Most hard assets like real estate are still quoted, contracted, and transacted in US$. To my knowledge, that was the case well before the converibility law was enacted circa 1991.

Being on the debtor side of my US$ apartment lease worked out quite nicely right around January-2002. Uptown living at peso prices.

Whats the difference between a "Soft Peso" & a "Hard Peso"?

How to play a soft peso depends upon the house rules and the dealer's upcard.

My attitude toward Argentine investments is somewhat like my attitude toward casinos - never walk in with money you can't afford to lose.

Whats a "Soft Peso"?

The peso from 1992-2001 was [I]relatively[/i] hard. It could be converted 1:1 for dollars [b]within the Republic of Argentina[/b]. After being converted domestically, it gave an Argentine decent purchasing power abroad. The hardness of the "convertible" peso was less evident if taken abroad to distant places like the Sao Paulo airport, where 1 peso would buy about 0.80 dollars. In overseas nations like Miami, one peso was worth 0.00 dollars during the "convertibility" era. In Miami, this stable value has been maintained for many years before, during, and since that period IIRC.

Does anyone know an ATM that dispenses dollars? I can't find one.

Thanks in advance,

Badboy

I opened an HSBC online savings account in the US (in dollars) which pays over 5% and got an ATM card which I can use at their branches worldwide. I fund it via transfers from my regular US checking account.

I think I found one at the Bank of France or something like that near San Martin and Cordoba. There was an option for Spanish & English and Dollars or Pesos. Hopefully this might help.

IIRC the "Citibank" ATM on Florida across from Galerias Pacifico. IIRC, but since I always withdraw pesos I cannot be sure.

[QUOTE=Badboy13]Does anyone know an ATM that dispenses dollars? I can't find one.

Thanks in advance,

Badboy[/QUOTE]

You cannot withdraw dollars from any machine anywhere unless you have a dollar account at that bank (which you pretty much can't have)

Argentine banking!

:(

David

[QUOTE=Capt Dave]You cannot withdraw dollars from any machine anywhere unless you have a dollar account at that bank (which you pretty much can't have)

Argentine banking!

:(

David[/QUOTE]The BancBoston on Cordoba 1/2 block N of Florida (conveniently halfway twixt Excedra and Orleans) has an option on the screen for dollars or pesos, but I suspect, as David says, you might have to have some special account set up. Don't know, I always get pesos.

AP

Well thanks for all the help guys, but it sounds like I will have a harder time getting greenbacks in BA than I thought. Does anyone know the reason WHY Argie ATM's don't dispense Dollars. I find this very strange, I have never had this problem in ANY country. In fact MOST ATM's in eastern europe dispense in Dollars Euros and the Local currency, be it Rubbles or Ghrivna. I will keep looking and if I find one I will post the location.

Here's a question, if the ATM's don't dispense dollars, how do you get them in BA? Do you use western union or money gram or is there another way I am not thinking about?

Thanks,

Badboy