Thread: Exchanging Currency Backwards
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09-03-14 14:18 #10
Posts: 1099Originally Posted by Jackson [View Original Post]
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09-03-14 02:12 #9
Posts: 2556
Venues: 398Originally Posted by HotRod11 [View Original Post]
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 at the official rate from any government authorized entity, including banks, official exchange houses, period.
You also cannot buy dollars at the official rate from any unofficial money exchange. It's not that they're physically restrained from selling you the dollars at the official rate, it's just that they won't do it because they're not stupid.
However, you can buy dollars with pesos at the blue rate at any unofficial money exchange, aka "las cuevas".
I trust that this sufficiently torpedos your aspirations for a financial windfall.
Thanks,
Jax
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The Following User Says Thank You to Jackson For This Post:
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09-03-14 00:55 #8
Posts: 3510Originally Posted by HotRod11 [View Original Post]
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The Following User Says Thank You to Dickhead For This Post:
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09-03-14 00:18 #7
Posts: 125Need explanation
DAVIEW please explain your post on how expats make money on the exchange. I understand its better exchanging dollars to pesos using the blue rate. How does one exchange the pesos back to dollars. Thanks.
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09-02-14 07:04 #6
Posts: 911Originally Posted by JamesPW [View Original Post]
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09-02-14 06:30 #5
Posts: 416Originally Posted by JamesPW [View Original Post]
It's how all these ex-pats make their money doncha know? They're all stinking rich!
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09-02-14 03:06 #4
Posts: 11ATM exchange pesos to dollars.
Originally Posted by Gandolf50 [View Original Post]Originally Posted by TejanoLibre [View Original Post]
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08-26-14 22:42 #3
Posts: 29Originally Posted by TejanoLibre [View Original Post]
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08-26-14 22:12 #2
Posts: 911Originally Posted by TejanoLibre [View Original Post]
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08-26-14 20:13 #1
Posts: 3040Exchanging 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.