How much is the Arg. peso really worth?

[Dougie]

In Uruguay, it takes 275 pesos argentinos to buy a single US dollar. Makes one wonder how much the peso is really worth.
The BROU buys Arg. pesos for 0.16 Uruguayos, and sells them for 0.62 - that's a hair-rising spread.

Un indicador que mete miedo: en Uruguay ya piden unos 275 pesos argentinos por cada dólar

La paridad implícita del mercado cambiario uruguayo refleja una expectativa de devaluación cada vez mayor. Si sube el blue se alejan las puntas del spread

www.iprofesional.com

I'd assume part of it is due to the restriction on travel at the moment and the money changers will probably be stuck with the physical pesos for some time. They need to take in account possible future movements of the ever decreasing value of the peso.

Jblaze, if you go to Uruguay they'll give you 1 dollar for 275 pesos, not the other way around.

 

[on the brink]

The point of the post was, Argentine pesos are practically worthless outside Argentina.

 

[EL_TIGRE_de_Tigre]

The point of the post was, Argentine pesos are practically worthless outside Argentina.

They are practically worthless INSIDE of ARGENTINA!

 

[BankNote]

They are practically worthless INSIDE of ARGENTINA!

Not necessarily. 3000 pesos means a LOT to lot of people in the country..that would be about 23 usd.

 

[EL_TIGRE_de_Tigre]

Not necessarily. 3000 pesos means a LOT to lot of people in the country..that would be about 23 usd.

Sure that is true. (My reply was sarcasm ... my bad.)

 

[ben]

It must be a very small market because you would want to be stupid to go to Uruguay with argentine pesos in cash (or anywhere else in the world) or have some sort of emergency situation where all your cards are not working. Any person who deals in cash, would change pesos in cash to USD via a cueva or what ever source they have before going to uruguay.

This. This is an indicator of something, but not of very much.

Back in the day, some associates of mine took a couple hundred thousand pesos with them to the US, looking for suckers who would exchange them at the legal rate.
It took some traveling, but they managed to get rid of them.

 

[Rich One]

Not necessarily. 3000 pesos means a LOT to lot of people in the country..that would be about 23 usd.

The Portera of a grade school in a small town, Provincia de Buenos Aires makes $ 20,000 pesos

 

[jblaze5779]

I paid for my vehicle inspection in the states with a 1k pesos bill. The guy thought it looked cool and accepted it for the 8 dollars I owed him for the inspection. At the time it was worth about 10 dollars.

 

[on the brink]

A two-hundred peso bill is still worth something. Perfect tip for those ML delivery guys, unfailingly polite and cheerful - a joy to do business with.

 

[jlynch]

This. This is an indicator of something, but not of very much.

Back in the day, some associates of mine took a couple hundred thousand pesos with them to the US, looking for suckers who would exchange them at the legal rate.
It took some traveling, but they managed to get rid of them.

from my experience with pesos outside of argentina: In morocco a few years ago, farmers selling strawberrys on the street while negotiating prices spotted what they thought were "dollars" in our pockets, which were in fact argentine pesos, which we offered to them. they each looked at the notes, saw argentina, and burst into laughter and said no. Although in Fez, those who harass the tourists pretending to be guides would accept pesos to go away.

with all the negative international press of failed IMF programs, defaults etc you would be very very "brave" to try your luck and repeat.