Hello all,
I’m entering Argentina (that sounded weird) on May 7. I would love to get some advice on my plans on handling my finances:
1. I usually pay for everything via credit card here the US, but I’m exchanging $1k US to ARS - should I exchange it at the airport before leaving or once I’m in AR?
2. I will have to keep my US bank accounts in the beginning since I don’t have the necessary paperwork to open a Argentinian deposit account. But once I do, is it worth it to get one or should I stick to my existing US accounts?
Those are the only financial questions that I have, but I don’t know what I don’t know, so I would also appreciate any insight into other aspects that are relevant.
Gracias!
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I would only change the bare minimum when you arrive at the airport, enough for a taxi to your hotel. Don't offer to pay for anything in USD and make sure no one sees you with wads of dollars in your hand at the airport. Be very careful indeed.
We use what are commonly known as cuevas here in BA, also known as blue market rate exchange, bearing in mind that you will get many more pesos for your dollars this way. The Blue rate is substantially better than the official rate at banks and so on:
Don't close your US bank accounts under any circumstances. The peso is practically worthless and instead of opening an Arg bank account, there are other methods and apps available.
I'm not sure which docs are required for an Arg bank account so maybe another forum member could advise.