I doubled my money in Argentina with a ‘black market’ exchange rate
Written by Black Hot Fire Network on March 11, 2023
- I traveled to Argentina for two weeks in February. While in Buenos Aires, the capital, I learned of a system of multiple exchange rates for Argentine pesos.
- The "blue dollar" exchange rate set by the black market will extend U.S. tourists' money twice as far as the officially quoted rate. You can legally access that rate by wiring yourself money.
- The government introduced a preferential tourist rate — Dólar MEP — for some credit card transactions in November. But there are reasons . . .
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