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Nervous on banks?
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<blockquote data-quote="vantexan" data-source="post: 5548180" data-attributes="member: 24302"><p>I was there. People are buying dollars to hang on to their wealth. But you can't get dollars at Western Union. If you send yourself say $1000 USD from your account in the States you'll get over $1900 worth of Pesos from Western Union. But you'll get Pesos, not Dollars. To get Dollars you'll have to go to a "cueva", an "illegal" exchange house or casa de cambio. You'll have to pay the "blue" rate to buy dollars. And when you're there you'll find Western Union shops handle a lot of different kinds of transactions, not just WU. So usually there's a line. There's no air of desperation. The Argentines are very use to having financial meltdowns. They've defaulted on their national debt at least 9 times. This is just another way we get manipulated by our media in the U.S.</p></blockquote><p></p>
[QUOTE="vantexan, post: 5548180, member: 24302"] I was there. People are buying dollars to hang on to their wealth. But you can't get dollars at Western Union. If you send yourself say $1000 USD from your account in the States you'll get over $1900 worth of Pesos from Western Union. But you'll get Pesos, not Dollars. To get Dollars you'll have to go to a "cueva", an "illegal" exchange house or casa de cambio. You'll have to pay the "blue" rate to buy dollars. And when you're there you'll find Western Union shops handle a lot of different kinds of transactions, not just WU. So usually there's a line. There's no air of desperation. The Argentines are very use to having financial meltdowns. They've defaulted on their national debt at least 9 times. This is just another way we get manipulated by our media in the U.S. [/QUOTE]
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