Hello and a cash question

[dlish]

Note: the 10 K limit is per person for ALL currencies.

It’s per person? I always thought it was per family.

 

[gracielle]

It’s per person? I always thought it was per family.

10 March 2023

Here's What Happens if You Travel With More Than $10,000 in Cash

There are risks to know about when traveling with large amounts of money. Find out what you need to do if you plan to travel with more than $10,000 in cash.

www.fool.com

,,,,You need to declare it when traveling internationally
* It's the combined value of all your currency and monetary instruments that matters. For example, if you have $7,000 and 5,000 euros, you would need to report that, because that's over $10,000 in value. The same is true if you have $5,000 and a $6,000 money order.
* Members of a family residing in one household must declare if the members are collectively carrying over $10,000. If you and your wife are each carrying $6,000, you would need to report it.
* Pocket change matters if you're close to the limit. Let's say you have exactly $10,000 in your carryon. That's not more than $10,000, so you wouldn't need to report it -- unless you also have any other money on you, like $5 in your wallet.

 

[argeiCanuck]

I never had a problem in 20 years.

A word of caution!

The above statement is correct 99% of the time.
The 1% bad apple exists. Cueva is not a bank. It's a one on one shady deal in a nonreputable outfit. Someone WILL be scammed 1% of the time. GUARANTEED.

Have you been to Florianópolis? would you recommend it? Pros n cons?

 

[SinPulgas]

A word of caution!

The above statement is correct 99% of the time.
The 1% bad apple exists. Cueva is not a bank. It's a one on one shady deal in a nonreputable outfit. Someone WILL be scammed 1% of the time.

That's why I recommended getting references from people for specific cuevas before coming -- to reduce that small risk. As at least one person mentioned above, robbing people is bad for business. And one thing you'll notice if you've been using the cuevas as long as I have. It's a community, and everyone has their specific locations and they know each other. You see the same faces in the same spots every day. Somebody new can't just suddenly plant himself in the middle of calle Florida and start shouting, "Cambio, cambio." I've been dealing with my current cuevas for years, the same people every day in the same places. They know me and say hello to me. I've brought new people to them. There's always a line of people waiting.

It's the black market. Sure there's a risk. But I think that risk may not be as big as you're imagining. I suppose you don't have much personal experience with the cuevas. It's always a little daunting the first couple times, and always with a new cueva. You're never sure who you're dealing with. But I think you'd have to be pretty unlucky to be scammed.

Especially if you have references to specific reputable cuevas.

 

[Rich One]

10 March 2023

Here's What Happens if You Travel With More Than $10,000 in Cash

There are risks to know about when traveling with large amounts of money. Find out what you need to do if you plan to travel with more than $10,000 in cash.

www.fool.com

,,,,You need to declare it when traveling internationally
* It's the combined value of all your currency and monetary instruments that matters. For example, if you have $7,000 and 5,000 euros, you would need to report that, because that's over $10,000 in value. The same is true if you have $5,000 and a $6,000 money order.
* Members of a family residing in one household must declare if the members are collectively carrying over $10,000. If you and your wife are each carrying $6,000, you would need to report it.
* Pocket change matters if you're close to the limit. Let's say you have exactly $10,000 in your carryon. That's not more than $10,000, so you wouldn't need to report it -- unless you also have any other money on you, like $5 in your wallet.

Someone had 10 K in dollars in his carry on and a few thousand pesos in his pocket. He was fined.?

 

[argeiCanuck]

But I think you'd have to be pretty unlucky to be scammed.

BINGO!
If you are the unlucky 1% ,,, you win the lottery.

 

[elhombresinnombre]

It’s per person? I always thought it was per family.

It depends. Different countries, different rules. And remember: this is about crossing the border in either direction, in or out. USA is USD10000 per family or group traveling together; UK is GBP10000 per family or group whilst Argentina is USD10000 per person. Best to check the rules for your departure and arrival countries and any places in between where you will be in transit. Remember: you may usually carry as much cash as you care to but if it is over the country's limit and you don't declare it, it could all be confiscated.

 

[Ries]

That's why I recommended getting references from people for specific cuevas before coming -- to reduce that small risk. As at least one person mentioned above, robbing people is bad for business. And one thing you'll notice if you've been using the cuevas as long as I have. It's a community, and everyone has their specific locations and they know each other. You see the same faces in the same spots every day. Somebody new can't just suddenly plant himself in the middle of calle Florida and start shouting, "Cambio, cambio." I've been dealing with my current cuevas for years, the same people every day in the same places. They know me and say hello to me. I've brought new people to them. There's always a line of people waiting.

It's the black market. Sure there's a risk. But I think that risk may not be as big as you're imagining. I suppose you don't have much personal experience with the cuevas. It's always a little daunting the first couple times, and always with a new cueva. You're never sure who you're dealing with. But I think you'd have to be pretty unlucky to be scammed.

Especially if you have references to specific reputable cuevas.

The cuevas I go to are storefronts, not dudes standing in the street. And the three main ones I use have all been there, operating in the same place, for ten years or more. Ask around your barrio, find the local storefronts, usually they have a privacy booth in front of the cashier, and they buzz you in and out, so there is privacy. They are located all over the city, everybody local knows where they are. If you have larger amounts of money, most argentines can recommend a private broker type guy, who comes on a moto, and you can do the deal in person, in a location of your choice. This is a long established way for argentines to change money, the ratio of locals vs tourists using cuevas is probalby 90 to 10.

 

[SinPulgas]

BINGO!
If you are the unlucky 1% ,,, you win the lottery.

I think you need to go back to surveys. That's probably your strong suit.

(Just so you know, pulling a number out of the air, or wherever you pulled it out of, doesn't make it anywhere close to correct or reasonable.)

 

[SinPulgas]

The cuevas I go to are storefronts, not dudes standing in the street. And the three main ones I use have all been there, operating in the same place, for ten years or more. Ask around your barrio, find the local storefronts, usually they have a privacy booth in front of the cashier, and they buzz you in and out, so there is privacy. They are located all over the city, everybody local knows where they are. If you have larger amounts of money, most argentines can recommend a private broker type guy, who comes on a moto, and you can do the deal in person, in a location of your choice. This is a long established way for argentines to change money, the ratio of locals vs tourists using cuevas is probalby 90 to 10.

The "dudes standing in the street" are just there to get your attention. I never had a transaction that wasn't done inside, in private. I don't think you said anything different than I already said, other than adding the delivery option, which I've used, but the OP is going to be new in town and not likely to be looking for "Pedidos ya."