RussellO
1/31/2015 21:30 EST
Where do expats store there money while there waiting to exchange it loco currency. I mean how do I get my $'s in $'s and then exchange them to AR's when I'm ready.
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panamajames
2/1/2015 11:39 EST
Bring it in a suitcase and handcuff it to your wrist is the best answer if you are talking big numbers. You can take as much money with you as you like, as long as you declare it, if it is over $10,000 dollars. Some people tape it to their bodies and end up looking like the Michelin Man. You have to have cash, if you want to get the 13.5% or higher now in Argentina. Cash is King. Good luck with that and let us know how you went about it.
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Eposternak
2/1/2015 16:13 EST
Colombia is much nicer, people nice and gentle, closer to the US, and cheaper.
Argentina is risky, you can trust the people or the police
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panamajames
2/2/2015 07:44 EST
We love Colombia and plan to spend a month there looking around, right after our month in Ecuador that begins in a few days. We figure that Cuenca in Ecuador, or Medellin in Colombia, will be some of our favorite places to setup a retirement location, if we decide to move..........keep in touch about your investigations. I would like to hear your suggestions for my visit in a month or so........
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RussellO
2/4/2015 16:04 EST
I thought about Cuenca in Ecuador but upon deep investigation it's getting expensive for long term retirement. I live like a local as far as living goes, I have 30 yrs in LAmer.
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panamajames
2/4/2015 20:50 EST
I will be in Cuenca Ecuador Feb 9th to the 19th to check it out as a possible expat place to retire. If anyone there wants to join me for a chat, send me an email. I did love Argentina however, especially Buenos Aires, and Mendoza is amazing. Let me tell you about Iguazu Falls....................
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RussellO
2/4/2015 22:13 EST
I want to go to Mendoza. But how does one live there on the local exchange rate. Is there a Muslim money ex changer, I here they are honest to deal with.
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panamajames
2/4/2015 22:24 EST
Very honest to deal with. Don´t deal with the banks. Look on the main streets for a Cambio place and there will be people outside there, soliciting. They all seem to be good honest people, and they value their business of money exchange.
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RussellO
2/7/2015 13:17 EST
Will the cases de cambio take a dollar check on a U.S. bank. I ok with the wait.
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TomP
2/7/2015 13:34 EST
RussellO,
Wow!!! That's a ballsy move.
I sincerely doubt it, Argentina is a "cash and carry" country.
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panamajames
2/7/2015 21:53 EST
I did ask a Cambio if he would take a US cheque for someone who asked me that question, and not only did he laugh out loud, he brought all his cambio friends over so I could ask them. We all shared a great laugh. No................Cash is King in Argentina. A cheque is only paper to them until it turns into money one day at the lowest possible rate you could imagine with charges up the Ying Yang.
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Eposternak
2/7/2015 22:24 EST
Of course they will laugh at you.
If they get the fund wired transfer, this change the all picture.
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TomP
2/8/2015 07:39 EST
Eposternak,
Can you please explain how having money wired to Argentina avoids receiving the official rate of AR 8.5 pesos.
I have made many wire transfers and always, always received the official rate of AR 8.5 pesos.
Are you saying the Cambios will accept wired funds and pay you the blue rate?
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Eposternak
2/8/2015 12:04 EST
First need to contact and ask. this is under the table, like everithing in Argentina, listed as one of the most corrupted countries. nothing goes by the book, want to cut red tape, well get somebody to go and help.
But especially gringos, are a target, for being candid. Argentina is not Ohio, is a jungle
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