Exchanging Currency

[TejanoLibre]

Having arrived on Tuesday, the airport cambio was closed. Since I've been to town I've only been able to find "official" cambios, and their bs rates. I've been reading this thread about these secret cambios where one can get between 4. 40 and 5. 00. I've combed every fucking inch of Florida street and the only place I found was the official Metropole Cambio, or whateverthefuck it's called.

If anybody can give me information on where to exchange currency at a better-than-official rate, I'd certainly appreciate it. C'mon guys, help a brother out. Thanks!

Got 4. 55 yesterday but may be able to get 4. 70!

Huge difference of opinion between 4.24 and 4.73 !

TL.

PS- It was in a hidden spot on Lavalle!

TL.

Will take you there.

[Chezz]

Having arrived on Tuesday, the airport cambio was closed. Since I've been to town I've only been able to find "official" cambios, and their bs rates. I've been reading this thread about these secret cambios where one can get between 4. 40 and 5. 00. I've combed every fucking inch of Florida street and the only place I found was the official Metropole Cambio, or whateverthefuck it's called.

If anybody can give me information on where to exchange currency at a better-than-official rate, I'd certainly appreciate it. C'mon guys, help a brother out. Thanks!

[Miami Bob]

Speak with me privately. I am a friend of his family and have had asado with him and his childern.

[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