The Dolar Blue

The cool thing about traveling to Argentina right now is the underground economy. The official rate is 8.4 pesos to the US dollar, but the Dolar Blue is at 14.35 and rising! This makes the peso very lucrative for people with USD. It’s not legal, per say, but everyone who has dollars uses the touts who shout, whisper or advertise cambio in someway. It seems very common and makes it much more affordable to buy anything from food to clothes to rent. In fact, we chose to wait to rent a place longer-term until we arrived in Buenos Aires. This way our chances were higher to be able to pay in pesos. With most online apartment rental companies and even AirBnB, only allow payment in USD. Everyone here is crazy about the dollar and the locals will do just about anything to get them.20140909_145713

In the short time we have been here the Dolar Blue has gone up almost $0.50 which is alot when you are exchanging thousands of dollars. Luckily, I have friends here who helped me exchange my dollars for pesos at one of their reputable cambios. We ended up getting a rate of 14 pesos for the dollar and I felt rich! Suddenly things were almost half-price. The very next day it went up 10 cents and it’s been going up daily.

I don’t really understand how it is going to continue or how the locals can live in this very split economy, but it sure makes living here very cheap if you have the wanted currency. The downside is that though there are tons of places to rent, almost all of them want their rent paid by dollar. That is the only currency they will take. We knew we would have to go house hunting in a few days but for now I had booked us our space to get settled.

20140912_104147

I tried to sleep for a little while but Michael just felt antsy to go out and about. I didn’t want to go anywhere without having pesos and we had to wait for Flor to do the exchange. Luckily she was quite fast and we met her at the nearby mall to get our take. It ended up being quite a lot of bills and we felt quite rich. After giving Flor the Nerf Gun she had asked for for her little brother, we parted ways and we went to explore.

After we stashed most of our bills safely at home, we went out for a walk. Michael was starving, as usual, so we were on the hunt for food. I kind of knew the area but I still felt a bit turned around. I just couldn’t find my sense of direction. I knew that if I got to my old house, I would know where I was. So that is what we tried to find…

Grateful for locals, Dolar Blue, having connections, and feeling at home.

 

This entry was posted in In Fun, In Travel, South America. Bookmark the permalink.

Leave a Reply