New monetary politics in Argentina – No dolar blue?

As you read on previous posts the monetary politics in Argentina have been a bit strange, causing the blue rate to exist. Previous post explaining. This caused us to empty an ATM in Uruguay of US$2000 before re-entering Argentina. Hours after we had gotten the cash from the ATM I read online that the new president in Argentina Mauricio Macri had lifted most of the restraints on the currency. The blue rate was as good as gone, and the Argentine Peso was now floating like a regular currency.

A bit confused with the new situation we still had our dollars, and wondered what we were going to do with them. La Nacion, a newspaper that usually listed both the official and the blue rate, started to show dashes for the blue rate. Some other websites showed the blue rate at 13.70 and the official at 12.90.

This caused a lot of confusion, but the signs that there still should be a blue rate somewhere led us to visit the shop that promised the best rate the last time we were on the hunt. A small mens clothes store. And sure enough, we were able to get a rate of 13.60 peso per dollar. One problem we hadnt anticipated was how to fit the 272 notes this resulted in into Linns bag. I had to take her phone and wallet in my pockets and her bag was bulging with cash as we very carefully took the subway back to the apartment.

The conclusion to draw from this is that the blue dollar is still there, but not in the same way as before, and the gains from the hassle of carrying around lots of cash might not be worth it anymore.

Look how happy we are that we can use ATMs instead of carrying around almost a months expenses in cash!

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Dollar run – Ciudad del Este

THE DOLAR BLUE NO LONGER EXIST, READ MORE HERE

After exchanging our 265 dollars that we had from before we realized that they would not last until we would get to Uruguay and be able to get more. And we do not want to have to pay 40% extra for everything in Argentina.

When visiting Ciudad del Este two days earlier we found an ATM that gives the choice of withdrawing dollars. It has a 5 dollar fee, but on a US$200 withdrawal this is only 2.5%, a lot less than the official rate for the peso would cost us.

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Said and done, we bought tickets for the bus from the company Rio Uruguay, at €2 one way it was a cheap trip, considering that we would save 30-40% on all the money we could carry when getting back.

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The ATM is on the 11th floor of this building, known as the King Fong mall. It is on the right hand side right after the bridge, we asked the bus driver to stop and he stopped right outside.

As we got there a little bit late everything seemed to be closed, except the VIP entrance on the west side of the building. It leads right in to the elevators. We got in, put in floor 11 and emptied our trusty ATM of dollars. I think we got somewhere around US$700 with us.

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A three hour trip later we had dollars to last us until Uruguay. We exchanged enough for the bus and some food in Puerto Iguazu, as we expect a better rate in Buenos Aires.