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Argentina Pecos

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LasVegas25
11/20/2012 16:32 EST

My husband and I are moving to Buenos Aires soon.
I take it most people do not have a bank account.
That US currency is not accepted, that you can pay for meals, groceries, cell phones, taxis,etc with pecos. My question if people don't have a bank and make a wage how are they paid? In cash, a debit card, not having to do with the bank. Also, if you go next door to Uruguay to visit, I assume the argentina pecos is not used there, so you buy Uruguay pecos to spend there?
Also, If you over stay your 90 days and go to Urugray and get restamped when returning to Argentina they don't want proof that you have a ticket to get out of the country?
I hope some can clear these items up for me
Thanks

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tinktinkie
11/20/2012 16:43 EST

Hi Las Vegas,

I am not sure who gave you the information but it is not correct.

1. I take it most people do not have a bank account.

Most people do in fact have bank accounts. Foreigners have difficulty opening bank accounts if you don`t have a DNI. Salaries are also getting paid into bank accounts of employees. I am sure some people working as casual workers receive money in cash but the norm is to have a bank account.

2. That US currency is not accepted

USD are widely accepted in Argentina. In fact people would love to take your US currency due to restrictions imposed by the government when purchasing USD.

3. if you go next door to Uruguay to visit, I assume the argentina pecos is not used there.

I just came back from a trip to Uruguay and Argentine pesos were accepted as well as USD. There are many currency exchange offices were you can exchange money. Watch out for the rate as some places don`t give you a very good rate for Argentine pesos like some supermarkets.

4. If you over stay your 90 days and go to Urugray and get restamped when returning to Argentina they don't want proof that you have a ticket to get out of the country?

You have the option to renew your visa at Immigration for another 90 days. It will cost you 300 pesos and you have to do it before your Visa expires. Alternatively you can go to Uruguay and get re-stamped on entry. I assume it is clear that if you want to re-enter Argentina you will need to have a return ticket. The best option to cross into Uruguay is with the ferries that run between Buenos Aires and Uruguay like Buquebus, Colonial Express or SeaCat.

I hope the information helped you.

Kind regards
Nelieta

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TomP
11/21/2012 05:08 EST

Having lived in Argentina since 2008 I often wonder why, unless you have an incredible specialty or will
create or buy a business, you want to work for AR 2,300 pesos a month or about US$500 US.

Regarding US dollars, if you can bring US Dollars you will be far ahead of the game as they fetch AR 6.2
pesos compared to the official rate of AR 4.75.

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