Exchanging Currency Backwards
I still don't know how or why but maybe somebody here can explain it a little better.
I picked up some friends at the Tienda Leone Terminal and they wanted to exchange currency on Lavalle and Florida.
No sweat.
They had a name of a girl and the name of a gallery but they did not have an address.
Great Start at 8 am!
We asked around and found the gallery past Cordoba on Florida but nothing else, 55 shops and another travel agency!
Asked around about wanting to do a "Raspa. ".
Scrape.
Scraping a Venezuelan credit card at a legitimate biz in BA.
You give them your card.
They swipe it for $1000.00 dollars or whatever you'd like.
No limit.
They keep 22% and give you the difference in Dollars!
But to make it LEGAL they have to sell you a City Tour or a Tango Package!
Et cetera!
The kid told me that he was going to take the dollars back to Venezuela and sell them at 70 - 80 to 1 .
Is that the jest of the deal?
22% seems a bit heavy and we went in wanting to pay 25% !
Thanks,
TL.
ATM exchange pesos to dollars.
[QUOTE=Gandolf50;441041]Thats like going to the US with your Argie credit card and making a fake buy for say $1000 US. The bank here charges you 9 pesos to the dollar (or what ever the purple credit card rate is this week) and then you return to Argentina with those dollars and sell them for 14 pesos. Or you pay bills for another Argie while in the US and charge 16 pesos for the service. The only difference is in Chavez land the spread is much bigger![/QUOTE]
[QUOTE=TejanoLibre;441039]I still don't know how or why but maybe somebody here can explain it a little better.
I picked up some friends at the Tienda Leone Terminal and they wanted to exchange currency on Lavalle and Florida.
No sweat.
They had a name of a girl and the name of a gallery but they did not have an address.
Great Start at 8 am!
We asked around and found the gallery past Cordoba on Florida but nothing else, 55 shops and another travel agency!
Asked around about wanting to do a "Raspa. ".
Scrape.
Scraping a Venezuelan credit card at a legitimate biz in BA.
You give them your card.
They swipe it for $1000.00 dollars or whatever you'd like.
No limit.
They keep 22% and give you the difference in Dollars!
But to make it LEGAL they have to sell you a City Tour or a Tango Package!
Et cetera!
The kid told me that he was going to take the dollars back to Venezuela and sell them at 70 - 80 to 1 .
Is that the jest of the deal?
22% seems a bit heavy and we went in wanting to pay 25% !
Thanks,
TL.[/QUOTE]How do I deposit my black market ATM pesos back into American Bank? If I can get pesos out of the ATM how come I can't deposit them back in. Or can I.
