Exchanging Currency

[Member #3320]

I ended up only changing us$150 at the bank to have some cash. A friend from miami's son changed my other money at 4. 80 pesos for the us$. The new government rules are creating a black market. The telephone place in the airport where I purchased some time for my personel sim card gave 4. 25 pesos-better than the national bank. This is a significant change from the past.

Is your friend's son available to change for us ordinary mortals as well? @4. 80?

I changed for 4. 65 at a cambio last week.

[Miami Bob]

I ended up only changing us$150 at the bank to have some cash. A friend from miami's son changed my other money at 4. 80 pesos for the us$. The new government rules are creating a black market. The telephone place in the airport where I purchased some time for my personel sim card gave 4. 25 pesos-better than the national bank. This is a significant change from the past.

[TejanoLibre]

I am arriving Tuesday. At the national bank in the airport, how many pesos per us$ should I expect?

What would be a reasonable black market rate in a casa de cambio-not in a back alleyway in a bad part of town

No passport required!

Yes, it is hidden in a "Galeria" but it's legit!

Behind the Green Door, I mean behind the glass!

4. 50 to 1 is a fucking bargain Dude!

On Lavalle and almost Florida!

5 blocks from "The Mansion!"

TL

[Damman]

Not offering where to go, everyone is spooked. Government hell bent on shutting down the black market. About 4. 70 today in the black. Just my two cents.

http://finanzas.iprofesional.com/not...rar-con-dlares

[Chezz]

Banco de la Nacion $4. 25 +. Today I changed dollars for 4. 55, last week 5. 05

Would you be so kind as to share where you got the 4. 55? I'm arriving next week and would appreciate the tip.

Thanks!

[Gandolf50]

I am arriving Tuesday. At the national bank in the airport, how many pesos per us$ should I expect?

What would be a reasonable black market rate in a casa de cambio-not in a back alleyway in a bad part of town

Banco de la Nacion $4. 25 +. Today I changed dollars for 4. 55, last week 5. 05

[Miami Bob]

I am arriving Tuesday. At the national bank in the airport, how many pesos per us$ should I expect?

What would be a reasonable black market rate in a casa de cambio-not in a back alleyway in a bad part of town

[Damman]

Damman, I am not sure I understand (and Google Translate wasn't very helpful). Do you mean that if you want to change pesos to dollars you have to have a receipt to prove that you started out with dollars?

Thanks, Bob.

Yes.

Exchanging dollars in the black will probably get you about 4. 70 today. The problem with exchanging in the black, no valid receipt to go back into dollars. US dollar is the hottest commodity in Argentina. And from what I have heard, an ATM receipt does not qualify for exchanging back into dollars.

[Damman]

As it was translated to me:

I. * The sale of currencies for the purpose of tourism and travels to non-residents will be subject to an authorization by the Central Bank when the following requisites are not fully met: a) it is proven that the previous entry of the foreign currency through the local currency market during the stay of the non-resident in the country for an amount not less than the one being asked for by showing the original receipt of the exchange operation by which the foreign currency entered the country, and for which the process will be treated by the entity for the amount operated by the customer; and be) it does not exceed the equivalent amount of 5. 000 USD for each customer and during the stay in the country. Copy of the required documentation shall be kept in the entity at the disposal of the central bank.

Ii. *Modification of point 3 of note 'A' 4662, being replaced by the following:

3. *'The purchase of currencies and the purchase of foreign currency bills will be done after approval by the central bank.

So, what this text means :

There are two cumulative conditions for a non resident to be able to buy freely currencies :

1- proving that the amount being exchanged has previously entered the country through the local currency market (the receipt needs to be kept). Example = John Doe enters Argentina with 2. 000 USD, changes them to 8. 500 pesos but at the end of his trip, he wants to change back 2. 500 pesos to USD = he will have to show the original receipt.

2- operation must be less than the equivalent of 5. 000 USD (e. G. 5.000 USD / 4. 300 EUR / etc).

If those two cumulative conditions are not met. The Central bank will need to give its approval.

*

3. *'The purchase of currencies and the purchase of foreign currency bills will be done after approval by the central bank.

[Gandolf50]

Damman, I am not sure I understand (and Google Translate wasn't very helpful). Do you mean that if you want to change pesos to dollars you have to have a receipt to prove that you started out with dollars?

Thanks, Bob.

If you don't have permision from AFIP you can't buy dollars. But as a tourist who bought pesos with dollars you can buy up to the same amount of dollars that you sold with proof of the original transaction. Better to sell to a friend as they don't pay much anyway!

[AllIWantIsLove]

Damman, I am not sure I understand (and Google Translate wasn't very helpful). Do you mean that if you want to change pesos to dollars you have to have a receipt to prove that you started out with dollars?

Thanks, Bob.

Exchanging currency is a whole new world here. Do not think there is much of a problem going from dollars to pesos, but cashing out of pesos could present problems. Need a receipt of the exchange to cash out into dollars. Just heads up.

http://www.bcra.gov.ar/pdfs/comytexord/A5241.pdf

[Damman]

Exchanging currency is a whole new world here. Do not think there is much of a problem going from dollars to pesos, but cashing out of pesos could present problems. Need a receipt of the exchange to cash out into dollars. Just heads up.

http://www.bcra.gov.ar/pdfs/comytexord/A5241.pdf

[Gandolf50]

So after 3 years daddys coming back. I checked the rate today online and saw it's at 4. 4 or so to the dollar. Daddy's wondering what the cambios are actually giving. Also is the arbolito flaco with the 70's porn stash still standing on the corner of Florida and Lavalle endlessly chanting "cambio, cambio, cambio?"

Thursday I got 4. 37 at the casa de cambio in Moreno. No papers no nothing. Just like always.

[Daddy Rulz]

There was a good black market cambio in Gallaria del Sol. If you're walking down Florida towards Plaza San Martin when you get to Viamonte (I think it's Viamonte, the intersection where Fl Gardens is) take a left, go into the Galaria on your left and you will see a leather shop with a really fat guy in it. They don't actually sell leather, they had a 30 year old coat in the window with 4 inches of dust on it last time I was there, and behind a little partition is an old Russian lady. They always gave me a better rate than the official ones, I never got any trucho bills, and no paperwork to fill out.

[Member #4112]

Went to Metropolitian to exchange Dollars, took my passport and the young lady behind the counter got attitude as soon as she realized I was a Gringo. Gave her all the information she wanted but when I could not give her the telephone number for the apartment she got really fuffy and refused to complete the exchange and told me no phone number no money and to leave if I did not have it. First time this has ever happened. Went to another Metropolitian and when we came to the phone number I told the guy I didn't have it so he said no problem just bring it next time. Changed my money no problem. Is it me or are the chica's getting more bitchy?