Need to hear from the economists in the group
Why would the official be higher than the informal? Is it a "because Argentina" thing?
[URL]http://www.ambito.com/economia/mercados/monedas/dolar/[/URL]
I don't pretend to be an expert in Argentine economics but
[QUOTE=DaddyRulz;446932]Why would the official be higher than the informal? Is it a "because Argentina" thing?
[URL]http://www.ambito.com/economia/mercados/monedas/dolar/[/URL][/QUOTE]Neoclassical economists following the ideas of Marshall will always want to evaluate supply and demand functions to determine price.
Perhaps the Argentine government has increased its demand for dollars because it is about to settle its on-going bond dispute.
[URL]https://www.washingtonpost.com/business/progress-reported-in-ny-talks-with-argentina-bond-creditors/2016/02/05/1176fc98-cc57-11e5-b9ab-26591104bb19_story.html[/URL]
On Florida in front of the Pacifico Galeria
Quoted 410.
[QUOTE=MileHighDave;446977]Paid my Tourist reciprocity fee today. Government gave me 14.5:1. Considerate of them as they print all this money anyway! A-Peso goes down most every day particularly this week. Had a lot of catching up to do after being closed for Carnival earlier this week.[/QUOTE]
I Was Wrong; I Am Able to Change Money at a Local Bank
I reported on Jan 19th that I hadn't been able to exchange dollars for pesos at the Superville on Las Herras near Pueyrredón. That was because I had been told by an employee that I couldn't. But the employee was wrong. I bumped into someone from the US who had exchanged dollars for pesos at that same Superville branch. He said to ask the guard at the door for help. So I did, but the guard was so fast with the kiosk menus that I am not certain what he did. I think on the first menu, asking for a document number, he just touched "continuar", and then on the next menu I think he touched cambio or something similar. Whatever ... It was simple. On that first attempt I had given up too easy because it looked like you needed a document number of some sort.
NOTE that you do need your passport. And the clerk looked through the pages in my passport very carefully and several times. He may have been looking for that reciprocal thing which is not in my current passport because it's in my previous passport which of course I have with me in Argentina but did not take to the bank.
Bob.