WebIf you have 100 pesos, you can trade this for 11 USD on the Black Market, or 17 USD with the official exchange rate. On the Black market, locals accept a much worse exchange rate in order to discard of their pesos; often trading for half of what Argentina's government indicates they are worth. WebJul 7, 2024 · Argentina Drug Gang Extorts 'Blue Dollar' Sellers. A criminal group in Argentina has found a novel target for extortion: black market currency dealers who are moving large amounts of cash to dollar-hungry Argentines in an economy hit hard by the pandemic. Known as “cuevas,” or caves, illegal exchange houses have become targets …
The Blue Market in Argentina: The Fabulous Way to Get 2Xs the …
WebAug 10, 2024 · At the Dolar Blue 290 peso to $1 exchange rate, he would’ve walked out with a bit under 360,000 pesos. But at the current formal exchange rate, he would’ve received around 200,000 less pesos than he did trading on the unofficial “blue market” exchange rate. Dolar Blue is popular among tourists and locals alike to exchange cash … WebApr 10, 2024 · (The largest denomination, the 1,000-peso note, is currently worth less than US$2.40 on the black market. The central bank confirmed in February that a 2,000-peso … greedy greedy rules
Everything You Need To Know To Save Using the Dollar Blue in …
WebMar 6, 2024 · 7. Coto supermarket or other stores. A not very know way to change your Dollar or Euro to Argentinian peso is going to a Coto supermarket or other brand store (Havanna, Falabella, …). At the Coto supermarket go to the cashier lane and you will see a little announcement with the rate they will give you. WebMar 20, 2024 · The dollar blue is the informal name given to the U.S. dollar bills circulating at a rate of exchange much higher than that of the official Argentine peso. The dollar blue got its start in 2002 as a way to help Argentines skirt currency controls put in place by the government. Today, it’s an important part of the Argentine economy, used by ... WebNov 6, 2024 · Argentina: On Friday, one dollar was officially worth 157 Argentine pesos. But in the unofficial market, commonly referred to as the "blue dollar," it could be worth as much as 285 pesos. And in the system that will now be used by credit card operators it was at 292. The informal foreign currency traders became more ubiquitous after strict capital … greedy grill armagh