Taking plenty of hard cash contradicts the usual advice to tourists travelling abroad, but many visitors to Argentina have been doing just that to take advantage of the black market rates. In short, you can change your money at an official outlet for one price or you can go to an unofficial trader and get it changed at the “blue” rate – which will put many more pesos in your pocket. Since the country’s government introduced tough currency change restrictions on its people, a black market has emerged. This is the best price you’ll get if you are buying or selling physical bills, and the transaction is done with no involvement of any government-sanctioned or licensed entity (like a bank). This is the cost of buying and selling a physical dollar bill in a cueva, or clandestine financial house in Buenos Aires. Blue Dollar AKA Dólar Blue or Unofficial Dollar is parallel dollar rate of USD in Argentina.
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