US Dollars Salta
Replies: 20 - Last Post: Dec 13, 2012 6:48 AM Last Post By: lenoxhill
Nov 10, 2012 2:24 PM
US Dollars SaltaHi
From reading other posts I've concluded that it's best to bring as many dollars as possible to Argentina as the black market rate will save me money in expenses. I get the principle and it sounds good. At the moment im in Bolivia so have access to dollars through ATMs. My first Argentinian destination will be La Quicha which I assume is a small town and not a great place to change the dollars.
After that I'm going to Salta. Can anyone explain the logistics of changing to Pesos? Are there places openly on the street doing it or do I have to find someone with a contact. Specifically if anyone knows anywhere in Salta please let me know.
Thanks a lot
Nov 10, 2012 9:55 PM
Nov 11, 2012 1:07 AM
2There is a lot of counterfeit money in Argentina, so changing on the street is always risky. The rate won't be the best you can get if you pay for services (hotel, tours etc) in dollars but will be better than the official rate. Ask prices first and then ask how much that would be if you pay in dollars. If you want to change the dollars to pesos, try to do it with someone in the hotel/hostel and not on the street.
Nov 11, 2012 7:50 AM
3He is so useful link to help with identifying false notes:
#2 There is big probability of getting real money in border town as there is huge amount of formal and informal commerce.
Nov 11, 2012 3:06 PM
4Salta is a big sophisticated town.
There are lots of banks if the casa de cambio doesnt work. most of the financial institutions are just off the main square. Face the cathedral and turn to the left.
I tried the citi bank ATM in Salta for USD last week but no go.
From memories of a previous trip money can be changed easily either side of the border.
If it was me I would just go with the pesos rather than have the extra security worry.
Nov 11, 2012 3:15 PM
5#4 I guess you need do some reading before writing about things you have no idea about.
OP is referring to black market rates and of course you can't get USD from ATM when you are already in Argentina!
Stop writing, start reading!
Nov 11, 2012 6:16 PM
Nov 11, 2012 7:19 PM
Nov 15, 2012 5:27 PM
Nov 20, 2012 8:10 AM
9OK so I made it through the salt flats and am now in Mendoza after a couple of days in Salta. I actually ended up changing my money in Uyuni (rate 6.17 to US$) and Villazon (6.20 to US$). I think you could have gotten better rates in Villazon but we didnt have time to shop around.
To my surprise it actually made no difference if you changed dollars or Boliviano as they were giving a rate of 1.1 Bol$ to Arg$ when the official rate is 0.69! So you may as well just change Bolivianos.
The link for identifying false notes was great and we didnt find any false ones surprisingly! We have been spending freely with not so much as a second look so far. So if youre in Bolivia, stock up on Pesos there. We havent gone to a casa de cambio here yet but hostels have been offering a rate of 5-5.50 at best!
Nov 20, 2012 9:10 AM
10#10 Thx for that great update! This is informations we need, not some bullshit assumptions of #8 and useless smart ass comments of #4
As for BOB they are set to stick exchange rate to USD by central bank at 1:6.96, that's why they are effectively dollars and can be exchanged in the same way, but ONLY IN BOLIVIA! They loose value if you get them out of Bolivia so is recommended to change all the remaining while still in the country to USD or ARS if you are going there as your example shows.
6.17 is still great rate and it's better than you will get anywhere in Argentina without all the hassle. If you go to casa the cambio you will probably get official silly rate of 4.5!
Great news! Thx again!
One reflection: there was always huge contraband between Argentina and Bolivia, I guess this will escalate it even more and Bolivian purchasing power is effectively much higher.
I must do the hop over the border for a half year supply of some decent wine ;-)
Edited by: ban_janti_return
Nov 20, 2012 2:33 PM
11Good update indeed. If only 30 or 40% would do the same as the OP we could give much better advice on TT. The Casa de cambio give the official rate, not the black market ones. In Buenos Aires there is a black market in the street in the middle of the center. I certainly disagree with posts above talking about how dodgy the black market is. That´s usually not the case at all and most people on the balck market are honest. Counterfeit money is a posibilty but most of these people are honest and in any case you can get counterfeoit money in any place when paying something with the change but it is no way as described by "ianmorganuk".
Nov 20, 2012 2:41 PM
12Thx for your input William, if somebody doesn't know #12 is Argie expect so knows much more about Argentina from inside that both smartasses above. Some people just need to make an appearance to feed their poor ego with attention.
I totally agree that OP input is highly appreciated and very useful, only if more people would follow suit it would make TT much better place.
Nov 20, 2012 2:53 PM
13I remember the black markets in all Southamerica in the times from 1982 to 1985. Of course in all countries there can be some risks but with comon sense and normal precautions I had never problems in Brazil, Argentina, Bolivia , Peru or Ecuador. The black market in Bolivia was particulary active and complicated. At one point the rate was around 1 USD to 1000 Pesos Bolivianos but the highest bills were of 10 or 20 Pesos so while changing just a 100 dollar note you got back hundreds and nundreds of bolivian pesos notes in a plastic bag. Needless to say that nobody spent hours counting the bills on the street and I was never scammed not even 10 Pesos bolivianos by these guys.
Nov 20, 2012 3:23 PM
14Bolivia is remarkable for this, there is no black market as BOB is quasi-pegged to USD, but those guys on the street stayed. They just put their wooden stool and a table or just stay on the corner, it looks like a scam, but it's not. It's actually totally safe, I found it amazing that those people usually carrying about $5000 or equivalent with them are not getting robbed etc, everybody in town knows they are there - it would be quick robbery but it doesn't happen.
This is Bolivia. That's why I can't get some people moaning about carrying cash to Argentina, current "travellers" are just too spoiled.
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