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by gus_massa 155 days ago
I just took a look at a McDonald's three blocks away from my home.

A Big Mac with a big soda and big portion of fried potatoes cost AR$14,200 that is US$9.80 at the "blue" exchange rate.

For US$18 you can buy a huge and fancy burger.

1 comments

I flew from Asia to Buenos Aries after on a whim deciding not to return home to the US. I ran out of USD a while ago. Everywhere in the world I can withdraw cash with a small fee and whatever the exchange rate is. In Argentina it was a $10 fee plus the government set exchange rate and max withdraw was 60,000 pesos. So I was paying $10 to get $60 worth of pesos.
Its true in the past you had to use black market. That's not a problem anymore. You just use your credit card and don't worry about exchange rate.
I didn't know that, but it's possible because we still have a lot of weird exchange rules.

You can probably have got better exchange rates in some shady corner, if you don't mind the risk of been scamed by a random guy instead of the bank/goverment.