I Need Advice For Buying Dollars.

AFIP will only allow you to buy dollars if you are travelling outside of the country. You are not allowed to buy dollars for investment. In fact it goes a little bit farther -- if you are travelling to say, France, you will not be allowed to buy USD because that is not the currency of your supposed destination country. This is ridiculous I know because obviously there will be very little of some country's currencies available in Argentina at all. To get AFIP approval you need a clave fiscal, you need your dates of travel, you may even need to show your tickets -- I haven't looked in ages so can't remember exactly. Anyway based on the last time my husband tried --- and believe me, the rules have probably changed by now, a few months later --- you have to apply 48 hrs before leaving the country. The AFIP will do their magic calculations and come up with a random amount of USD that they have decided you can buy -- often that amount will be a big fat 0. If you are approved for purchase you then need to run to the bank and be there at opening, present your forms from AFIP and then you will be able to buy --- in theory. Let's say the AFIP miraculously approves you for the purchase of 800 bucks, but you get to the bank, maybe they have decided they will only allow purchases of up to 300 bucks a person that day, so even though you have approval for more, that's all you're going to get. The reality is if you are approved for anything at all you will only get a max of like 50 bucks a day for the duration of your trip. And be warned, if you try and buy and then don't leave the country for your trip, you may have the AFIP after you and forcing you to sell back your dollars at a rate decided by the AFIP.

Basically, the AFIP approved way doesn't exist anymore. Paypal may still work for some but I know my husband has been blacklisted, we're trying the ayuda familiar route now but between the time we submitted our papers and last week when the bank asked for some more items, the rules have already changed for that, and I know some people who have had their latest payment of ayuda familar denied as well.
 
AFIP will sell you only US$50 at official rate to travel to neighboring countries.

Really? Last I heard the "theory" was $50 bucks a day for the duration of your "trip". The reality is of course, nothing. I don't know anyone that's been approved in the past few months -- seems more like they got approved once or twice, when they went back the 3rd time that's that, you're cut off.

Credit card is now $100 bucks extraction every 3 months when in a neighbouring country and 800 bucks elsewhere in the world. (800 a month? A year? who knows? by the time you try it again the rules will have changed anyway, so what does it matter!!)
 
Aha! Mi amor! Thanks so much, I knew I was missing an avenue of thought.
 
Just to toss around ideas...

I have a paypal acct. based in the US, and my wife has one based in Argentina along with a bank acct connected. Could we deposit ARS into her bank, add them to her paypal, then send it to my US paypal?

Other thought...

What's the logic if I'm an US citizen and am returning to my country, but need to dump the ARS? Nobody wants these ARS, they are useless outside of ARG (and almost useless inside too).

How about int'l banks like HSBC? Can I open an account here, get a card, then extract it in the US without paying their newly adopted 20% fee for "foreign" transactions?

Cristina is making me insane. Also inviting another crash. Also helping out the inflation. Hating her.
 
Just to toss around ideas...

What's the logic if I'm an US citizen and am returning to my country, but need to dump the ARS? Nobody wants these ARS, they are useless outside of ARG (and almost useless inside too).

How about int'l banks like HSBC? Can I open an account here, get a card, then extract it in the US without paying their newly adopted 20% fee for "foreign" transactions?

Cristina is making me insane. Also inviting another crash. Also helping out the inflation. Hating her.
There's your problem right there! You're looking for logic. Stop it right now! It will only lead to frustration, depression and /or more insanity.
 
When I first came here 5 years ago, I rolled with the punches of the inflation and increasing exchange rate, but my limit has been reached.

The only good thing I've found here is free domain names for websites. I think I just might migrate to the other side of the Rio de la Plata, where weed will soon be legal. ;)
 
You cannot withdraw USD from an Arg account in pesos with a debit card. Use your Paypal + Arg credit cards from your wife to then send to your US Paypal and withdraw to your US bank. Rinse and repeat. Use at your own risk. Check rates and taxes. You will have 5.4$ + 20% tax + 5% Paypal fees = your dollar at 6.75 pesos.

The govt doesn´t care if you are US citizen, legal or not here, you are stuck with your pesos no matter what.

Intl banks are just a sign there, no real ties to their headquarters except for mega accounts.
 
I just got a response back from Wells Fargo bank in the US.

They say that they will exchange ARS up to the IRS reporting limit of $10,000 USD, so....

+/-$5.35 x $10,000 USD = $53,500 pesos = 535 purple paper bills...goddamn. There isn't ANY money belt made for that.

Guess I'm gonna need to fly there. The difference in exchange rates more than pays for the flight. And if I bring back a couple of new cell phones, I'll make out pretty well. AND...I miss the food.

And just an FYI about PayPal. If you send money to another user from your PayPal balance, there is no fee. From credit/debit, yes, 2.9%.
 
I just got a response back from Wells Fargo bank in the US.

They say that they will exchange ARS up to the IRS reporting limit of $10,000 USD, so....

+/-$5.35 x $10,000 USD = $53,500 pesos = 535 purple paper bills...goddamn. There isn't ANY money belt made for that.

Really? They would take ARS and exchange them at the official rate to US dollars?
 
Yeah, although I don't know why. I guess it's like buying debt.
 
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