Thread: Exchanging Currency
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09-03-14 16:50 #1533
Posts: 2556
Venues: 398Originally Posted by DavieW [View Original Post]
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09-03-14 16:06 #1532
Posts: 84FFFFFUUUUUCCCCKKKK everybody. With no assumption as too your nationality.
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09-03-14 14:07 #1531
Posts: 416Originally Posted by Cowpie [View Original Post]
:-)
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09-03-14 13:48 #1530
Posts: 2556
Venues: 398Originally Posted by Cowpie [View Original Post]
You're welcome.
Thanks,
Jax.
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09-03-14 13:03 #1529
Posts: 69Great article from Bloomberg
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09-03-14 12:23 #1528
Posts: 2808Why you got the business
Originally Posted by Cowpie [View Original Post]
If this could be done every currency speculator in the world along with every Argie would do it and empty the treasury in a day, not the six months it's going to take as things are going.
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The Following User Says Thank You to Daddy Rulz For This Post:
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09-03-14 11:14 #1527
Posts: 84Originally Posted by Member#3320 [View Original Post]
I was unaware of how the exchanges on the street operate with the blue rate so high, it's been 5 years since I was down there.
I mistakenly thought this board was to help fellow Americans but I guess I was wrong again.
Lesson learned the American way apparently.
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09-03-14 10:45 #1526
Posts: 1099Originally Posted by Jackson [View Original Post]
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09-03-14 02:30 #1525
Posts: 3040We can Overcome!
Originally Posted by Jackson [View Original Post]
We can beat the system.
TL.
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09-03-14 01:57 #1524
Posts: 2556
Venues: 398Originally Posted by Cowpie [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 01:22 #1523
Posts: 101Originally Posted by Cowpie [View Original Post]
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09-03-14 01:04 #1522
Posts: 3510There are no official exchanges since according to Cristina there is no such thing as a dollar.
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09-03-14 00:27 #1521
Posts: 84Originally Posted by Tres3 [View Original Post]
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09-02-14 23:43 #1520
Posts: 577Missing an Important Point
Originally Posted by Cowpie [View Original Post]
Tres3.
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09-02-14 23:03 #1519
Posts: 84Blue dollar is around 14.2 official rate is 8. 4
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.