News Feed Comments. Until Argentina regularized its currency situation in late , these money changers offered dollar and euro exchange rates that were much better than the banks. This is no longer the case but with the coming return of previous administration in late , the black market for currency is expected to grow again.
Today, banking is more normalized in Argentina and the parallel currency market is much smaller. In fact, for the first time ever from mid until the arbolitos who remain in business gave slightly less for dollars or Euros than at the bank. Between the years of travelers no longer were coming to Argentina carrying wads of foreign cash, but the money changers remained because Argentines prefer to save their money in dollars instead of the inflationary peso. To change foreign currency at the bank, visitors with no local bank account have to go to the National Bank with a passport, and typically wait in a long line for the simple transaction.
Those who want to skip the line and change money on the black market are still advised to find a reliable exchange house and not to do transactions in the street. Wander Argentina is happy to advise our clients of reliable, safe currency exchange houses. The main problem with using an atm to withdrawal cash while in Argentina is that the withdrawal limits are low and the fees are high.
Many with U. Those who have bank accounts in Argentina who would like to avoid the ATM fees, can learn about and sign up for Transferwise on this website. Others lingering around Florida and LaValle hand out flyers or cards for nearby sex shows cum brothels to single men or groups of men walking by. Local men who enter these places are typically charged inflated prices for drinks β one for them and one for one or more scantily clad bar girls.
Tourists who are generally unfamiliar with the swindle are the holy grail for these businesses and the prices quoted to them will certainly be excessive. The higher the price demanded, either for services or to extricate oneself from the situation, is an indication of how dumb, rich or scared they judge the customer to be.
