So on the 9th of October Ivo was still my boss while I were working in Zurich, there banks have a reputation.
Now I guess Ivo is my sponsor, me spending my time here in Argentina. I didn't go to an ATM, a bank nor used my credit card since leaving Brazil. Here in Argentina banks also have a reputation.
The local currency is peso. But the trading of peso is heavily regulated. You can buy the peso, but you can't really sell it.
If you are Argentinian and buy something in a different currency with your credit card, doing this the official exchange rate is applied and 20% tax is added. In addition to that, on top of that customns is 50%.
If you want to buy dollars to save money, not being confident in the Argentinian peso, you are not allowed to do so. But nobody trusts the peso. Everybody is afraid of what will happen, what politicians will do. Will there be new devaluations?
Where is an official exchange rate of around 6 ARS for 1 USD. (http://www.bloomberg.com/quote/USDARS:CUR)
But if you know to which street corner to go to and don't mind breaking the law you can get almost 10 ARS for a USD.
Inflation here is officially around 10%. But the actual inflation is around 20% (http://www.inflacionverdadera.com/). And there is no way to save your peso that keeps up with this inflation.
Now I guess Ivo is my sponsor, me spending my time here in Argentina. I didn't go to an ATM, a bank nor used my credit card since leaving Brazil. Here in Argentina banks also have a reputation.
The local currency is peso. But the trading of peso is heavily regulated. You can buy the peso, but you can't really sell it.
If you are Argentinian and buy something in a different currency with your credit card, doing this the official exchange rate is applied and 20% tax is added. In addition to that, on top of that customns is 50%.
If you want to buy dollars to save money, not being confident in the Argentinian peso, you are not allowed to do so. But nobody trusts the peso. Everybody is afraid of what will happen, what politicians will do. Will there be new devaluations?
Where is an official exchange rate of around 6 ARS for 1 USD. (http://www.bloomberg.com/quote/USDARS:CUR)
But if you know to which street corner to go to and don't mind breaking the law you can get almost 10 ARS for a USD.
Inflation here is officially around 10%. But the actual inflation is around 20% (http://www.inflacionverdadera.com/). And there is no way to save your peso that keeps up with this inflation.
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