duanestorey
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- Sep 14, 2010
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Given that the unofficial exchange rate looks to be somewhere around 6.5 to 1 for USD, I was wondering what ways exists to basically make a profit off of selling USD.
For example, if someone were to come for a visit and show up with $9,999 USD (I believe $10,000 is the limit at which you have to to declare), and managed to sell them all, what's the best way to get that money back out of the country? Is it possible to buy gold there at market prices? Could you buy $10,000 worth of another country's currency down there, such as the real? Any other ideas?
I'm not planning on doing this, but I was just wondering what people thought the best way would be.
Thanks.
For example, if someone were to come for a visit and show up with $9,999 USD (I believe $10,000 is the limit at which you have to to declare), and managed to sell them all, what's the best way to get that money back out of the country? Is it possible to buy gold there at market prices? Could you buy $10,000 worth of another country's currency down there, such as the real? Any other ideas?
I'm not planning on doing this, but I was just wondering what people thought the best way would be.
Thanks.