Stories and News of Expat Life in Buenos Aires, Argentina
I did something today that I haven’t done in over 4 years… I used the ATM in Argentina to withdraw money from my US bank account. That’s right, with Macri’s new government recently eliminating restrictions on buying dollars and devaluing the peso, the gap between the blue dollar rate and the official rate has dropped to only about 5-10% … Read more
Now that most tourists and expats know about the dollar blue, the question that often arises is “How much money can I bring into Argentina legally?” It’s pretty simple actually: For those age 16 and older, you can legally enter the country with up to $10,000 United States dollars For those under 16, you can … Read more
Xoom has consistently been the US expat and tourist’s best way to send money to Argentina and take advantage of the discrepancy between the official exchange rate and the blue market exchange rate. For example, today’s official rate is $4.913, the blue market rate is $6.780 and Xoom is paying $6.313 before fees. We’re seeing … Read more
A few weeks ago I wrote about using Xoom to transfer money from the United States to Argentina (from the UK, use Azimo) and I thought now would be a good chance to follow up on my experiences and the experiences of a few others. First of all, the rate has skyrocketed to 5.5357 dollars to 1 peso … Read more
UPDATE (12/17/15): The government has allowed the peso to float and everyone can now buy dollars. This has devalued the peso and caused the blue dollar rate to shrink to only about a 5% difference from the official rate. At this time, exchanging on the blue rate probably does not make sense. Quick Summary: If you … Read more
Starting on Monday, December 12, 2011, a new $2 peso coin will begin circulation in Argentina. The current $2 peso notes will still be used as well.
Looks like the government is getting ready for more inflation though there is still no word on when $200 and $500 peso bills will be introduced.
– Las nuevas monedas de 2 pesos circularán desde el lunes [La Nacion]
Fires Burn Over 1,200 Acres In Argentina [LAHT] A state of emergency has been declared in Argentina’s Tierra del Fuego province, where more than 500 hectares (1,234 acres) of forest have been scorched by several fires, forcing the evacuation of dozens of people, officials said Sunday. Argentine automakers to sell at cost, protect jobs [Reuters] … Read more