[QUOTE=Cowpie;441130]So based on the rates mentioned:
I can take 1000 USD and get 14,200 peso (hopefully no counterfeit), then turn around and buy back 1000 USD for about 8400 pesos, and have 5800 pesos (or $700 USD) in my pocket?
What am I missing? Or am I right in my thinking.
I'm coming down Oct 29th to Nov 7th. Last time I was there in Nov. 2009 the rate was about 3. 4 to 1 and no blue dollar that I was aware of.
TL not sure if you remember me but I try to get a hold of you.[/QUOTE]And to augment Tres3...
You cannot buy dollars at any official exchange unless you have a specific, written authorization from AFIP (the Argentine IRS).
Since you do not qualify for said authorization (you're not an Argentine citizen or resident, you don't have a provable source of income here in Argentina, you don't have an Argentine bank account, etc.), you cannot buy dollars [U]at[/U] [U]the[/U] [U]official[/U] [U]rate[/U] from any government authorized entity, including banks, official exchange houses, period.
You also cannot buy dollars [U]at[/U] [U]the[/U] [U]official[/U] [U]rate[/U] from any unofficial money exchange. It's not that they're physically restrained from selling you the dollars [U]at[/U] [U]the[/U] [U]official[/U] [U]rate[/U], it's just that they won't do it because they're not stupid.
However, you can buy dollars with pesos [U]at[/U] [U]the[/U] [U]blue[/U] [U]rate[/U] at any unofficial money exchange, aka "las cuevas".
I trust that this sufficiently torpedos your aspirations for a financial windfall.
Thanks,
Jax