Argentina continues to close every avenue of non-government currency exchange

Posted: September 22, 2012 in Investing, News, Stupidity
Tags: , , , , , ,

PayPal has had to close down domestic transactions for Argentine customers. Apparently the Argentinos were opening two accounts and using them to send money to themselves, in order to take advantage of a better Peso-Dollar exchange rate than is available from the Kirchner regime. Details here.

Meanwhile, as of writing, the government rate is 4.69 Pesos per Dollar, and the black market rate is 6.34, a difference of 35% (source: dolarblue)

Comments
  1. Ricky says:

    I’m argentinian, this country is getting worse everyday!! We can’t stand it anymore

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