Argentina limits dollar trading for arriving tourists in ports and airports
The Argentine government is further tightening the US dollar clamp. On Thursday the Central bank announced that state-run banks and agencies will be the only ones officially allowed to operate foreign currency exchange offices in airports and ports.
Each foreign traveller will be allowed to change up to 500 US dollars on arrival in Argentina, the Central Bank said.
The decision also cancels all permits to private banks and exchange houses that currently have branches at airports and ports dealing in foreign currency, the state-run news agency Telam said.
The Central Bank said in a press release that it had taken the decision due to what it described as “abusive practices that affect travellers arriving in Argentina.” It also said that the move was part of the national government’s fight against money laundering and terrorism.
The Central Bank said that private banks and exchange houses currently based at airports and ports were dealing in dollars at unofficial rates, which often short-changed travellers.
The recent reform of the Argentine Central Bank charter approved by Congress allows it to “protect clients of financial services and take the necessary measures to that effect,” Telam said. The decision is the most recent in a series of measures taken by the administration of President Cristina Fernandez to control the foreign currency exchange market.
The AFIP tax agency slapped a 15% levy on August 30 on credit card purchases abroad in another bid to keep dollars in the country. The 15% surcharge was also slapped on debit card transactions abroad and Internet purchases made in foreign currencies.
President Cristina Fernández imposed currency exchange controls last year which have since been tightened considerably. Buying dollars and other foreign currency is virtually banned. Argentines travelling abroad must request AFIP approval to purchase dollars at the official rate. Travellers are usually sold 70-100 dollars for every day they will spend abroad.
The Central Bank said on Thursday that foreign currency will be changed at ports and airports at the official exchange rate in the cities where the stations are located. “For security reasons,” foreign travellers will be allowed to carry out foreign currency exchange transactions worth up to 500 dollars per client, the Central Bank said.
On Friday the US dollar traded at 4.635/4.675 Argentine Pesos to the US dollar, climbing half a cent compared with the previous closing price yesterday. On the black market the US currency traded at 6.33 Pesos, thus losing one cent compared with yesterday’s rate
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It was giving tourists 3.7 to the dollar when the bank rate is 4.6 and the black market rate can be as high as 6.3. So now tourists can change U$S500 at the bank in the airport or use the atms. They can still change more in any other bank in the city,or indeed use other atms.
Well done to the Argentine Gov.
You will notice that the “Little Detail” about the Private Banks at the Airports ripping off tourists on arrival giving them just 3.7 to the dollar when the official rate is 4.6 was “conveniently” left out from this article.
Well done to the Argentine Gov.
Article says:
“The Central Bank said that private banks and exchange houses currently based at airports and ports were dealing in dollars at unofficial rates, which often short-changed travellers.”
The CENTRAL POINT of this story, so WELL PLACED in the 4th paragraph and so CLEARLY WORDED that it did even escape this old humble Argentinean attention....
I appologize thousandfold and retire, in shame, to my quartes for some serious self-flagelation....
'The Central Bank said that private banks and exchange houses currently based at airports and ports were dealing in dollars at unofficial rates, which often short-changed travellers.'
geeze Thicko that was well hidden.... even had its own para so you wouldn't notice it.....
Crime - yer it's getting out of control and there's lots of lip service - no action - when it get's completely out of control, there will be more laws that give the government more control of your lives - speak to your parents - your grandparents - or cast your mind back to 1976.
Today, it's a financial house, tomorrow it's a farmers field. Is your property safe? Possibly not.
Consumer protection laws that work and good institutions are the key to a successful economy/country - not dictatorial state terrorism using the AFIP.
This lady is slowly taking control of your lives and if she is able to garner 75% of the vote in the local elections you will have a left wing dictatorship in democratic threads - wake up Argentina we have seen this before. Your permissiveness is borne out of a fear to challenge this Government - pay your taxes and get out on the street quickly before it's too late. We've seen this all before.
You say:
“We've seen this all before.”
I say:
Who is “WE”...?
Who has seen all this before...?
When have “WE” seen all this before...?
Where have “ WE ” seen all this before...?
The truth of this story is the government wants every single dollar in Argentina and every dollar coming into the country.
The tourists will still be screwed but the squeeze will be going into KFC's pocket...
Its hard to remember this stuff when you are making it up as you go along...
By the way how is your 'well hung norwegian naval officer ' boy friend these days?
You say:
“ I have lived in Argentina for 40 years”
I say:
I take it then that when you say “WE” you mean “US”; long term residents in Argentina...
Well......
I, for one, haven't seen “All This” before.
Not here... nor anywhere else in the World I have lived.
And I don't need to “speak to my parents” -“ my grandparents” - or “cast my mind back to 1976”.
I remember it as if it was yesterday.
Anything intelligent to say...... or just more of your Hysterical Yankee Anticomunist 1960's shiat?
By the way... how is your parrot?
Firstly, I am not an American. In fact, far worse, I am British. My family were possibly in ARG a lot longer than your own - I often find that's the case. They were industrious pioneers, old school immigrants, that saw great potential in Argentina. Unfortunately, your wonderful country and promise has been squandered/destroyed by crass unfortunates like you. I supported Kirchner I - II has lost her way...
I think 'I don't Think' aka The Turnip In Chief can't help himself when he lies and lies and lies.
1940's no problem, just like yesterday! Or was it the day before?
It's turning into a complete farce trying to get the truth out of these Malvanistas.
It's only the likes of Simon68 and bigron and the other mentally balanced Argentineans who tell it how it really is that makes MercoPress worth reading.
Well - BIGRON - maybe you should THINK a little more and stop being so ”Doomsday-Reverend Moon-Apocalyptic” about the Argentinean democracy.
Firstly, I am positive that your family came to ARG a lot sooner than my own.
I often find that's the case……
But, unfortunately, quite many of those ”Industrious Pioneers, Old School Immigrants, that saw great potential in Argentina” you mention, saw no obligation or necessity in paying any taxes, integrate or construct a Nation by democratic means.
Unfortunately, our wonderful Country has been squandered/destroyed by crass unfortunates like those.
Contrary to you, I didn’t vote for Kirchner I, nor for Kirchner II…..
But I have a deep respect for the democratic choice of my people and, to the best of my recollection; I can’t remember a political/ economical period in Argentina better than the Kirchners.
Can you?
Which one?
The dire consequence of the past was a battlefield with blood relatives on either end of a divide - the reality was blood, guts and the death of courageous Argentine and British servicemen.
Many contributors are racist and soil their sacrifices.
It's time for reconciliation.
It's time to talk.
That's more like it!
I Fully agree...
Wont be long before some British turnip will accuse you of being me....
Or vice-versa....
TWIMC
I would like to use this opportunity to straighten the record about some misconceptions that Turnip “Frank, the Yank” is, in his big ignorance, spreading about Mr. Think…..
1) I don’t have a farm…. Just a couple of paltry Patagonian meadows, enough for me shed and the horses…
2) I’m a proud 1´st generation Argie of Scandinavian extraction who’s parents arrived to this blessed land well before WWII ……
3) I don’t have a parrot….
Now we are talking...
I have endured your “Pillar of Society” type of person since my early childhood….
Myriads of “Wealthy Estanciero Uncles and Aunts”, “Important friends of the family”, “Prosperous” people, always with the same impeccable moral discourse…….
But afraid as hell about the tax authorities having a look at their dirty laundry.
Afraid as hell about not having powerful uniformed friends anymore.
Afraid as hell of “La Negrada”
Afraid as hell of the truth.
You call the Kirchners “Tin-pot dictators and populists” all you want….
It doesn’t change the evident fact that you are a supporter of the dictatorial mentality that has pushed my Country over the precipice more than once.
My last words to you, Mr. Bigron…
Nunca Más
Every traveler knows that some of the worst rates of exchange are at airports.
What they are trying to do is to stop tourists selling their dollars at the black exchange rate when they leave the airport.
Please correct me If I misinterpreted any of your points.....
muwahahahahahahahahahahahahahahahahahaaha they are always rejected straight away. no one can buy dollars at the official rate.
Its not the new laws and restriction s that the 'government' brings in that are the problem. Its the way its done. Its the fact that they just do it at a whim because they feel like it. 'Lets try this and if the people dont revolt lets assert more control ...and then more control'
''ARGENTINA, ARGENTINA!!! ''
It insiduous. Like the slow boiling a frog scenario.
“This is seemingly what too many ................... dont get.”
(Fill the dotted line with a 1'st World Nationality of your choice)
Its not the new laws and restriction s that the 'government' brings in that are the problem. Its the way its done. Its the fact that they just do it at a whim because they feel like it. 'Lets try this and if the people dont revolt lets assert more control ...and then more control'
''...................., ....................!!! ''
(Fill the dotted line with a “1'st World Country” of your choice)
It's insiduous. Like the slow boiling of a frog scenario.
Congratulations Mr. Tobers; you has just described the “War Against Terrorism” that the “1'st World Countries” are so bravely fighting at the moment..............
DO you really believe people are that dumb not to see THAT?
You Europeans think you are not being clamped down?
I am watching two European soap operas, a french one called “Plus belle la vie”, and a German one “Herzflimmern”.
On BOTH one of the major storylines at this very moment is the huge cash crunch hospitals in France and Germany are facing due to the crisis. On the French soap the authorities are demanding the hospital cut 10-20% expenses, closing several departments like teenager health, psychiatry, etc... on the German soap the local government had to approve that part of the hospital become a beauty/plastic surgery “Kur” for the wealthy, and that this new wing of the hospital double shift nurses from the general medicine wing.
We all know what is going on with the NHS in the UK, and with the public hospital budget in Spain.
Who the heck you people are kidding? You are fucked.
I don't mentione the USA because they have been fucked in health care for 20 years now, with atrocious cost to results rations, massive fraud, and gross negligence like amputating the wrong legs, or removing the wrong breast.
Spare me your “oh poor them”, you are just if not more screwed.
You are warned not to take taxis at Ezeiza but to book a remise... they take $US.
You think that insults me somehow? I have my reasons.
Still doesn't change the fact the health of your children is doomed.
I don't “Think” she's trying to insult you.....
I “Think” the cougar is hitting on you....
@38 No, not an insult, just curious. Don't be so defensive all the time. You do know soaps are not real life don't you? : )
@39 Sadly, he is an Argentine, so not my type. Besides, I am not available.
Elaine makes 6 figures and only rides limos from the airports to her 5 star locale.
Yankeeboy takes weekend trips to London, Paris, Milan and Dubai, and lives in a penthouse.
mastershakejb travels 365 and was making a fool of himself with me while climbing Chimborazo in Ecuador
there was another brit who made millions from being an investment analyst... I've never met so many Patricians and millionaires in my whole life, in one place.
You almost think this is the internet and they are just making it all up!
Relax.....
I am as poor and old (but sadly not as wise) as the Viejo Vizcaha :-)))
I'm on the verge of migrating btw.
Regards !
What I don't support is the closing down of all of them. I mean, the government could have gone in and set up their own stall and undercut the other stalls resulting in them cutting prices or closing up shop. Why kick everyone out with possible job loses for this?
It all seems like a dollar grab, a real, physical dollar grab. That's not right.
The War on Terror is a truly shameful con but had Argentina been in Britains place it probably would have succumbed ´to the USs pressure also. I wouldnt get on your high horse about that. Its virtually a separate issue and one that many Brits feel deeply ashamed of.
Everyday' politics in Britain is shit but its less corrupt and authoritarian than in Argentina. Fact
A few examples that would not be tolerated in british politics.
-using (recently) convicted murderers to promote party politics
-votes for 16 yr olds
-using a political youth movement (using gov funds) for extensive promotion and propaganda activities including in schools
- changing the constitution to suit the current PM
-buying votes with $50 and a meal
-numerous free state media channels continuously spouting good news stories about the government and historical inaccuracies whilst putting much pressure on those with opposing voices.
-the expenses scandal of a few years ago in Britain - is entirely normal in Argentina.
-helicopter commuting
- gov funds to fly by private jet because son had a dodgy knee
-PM buying government land at super low prices to sell on at huge profit
-Deputy PM owning a money printing firm (and under a false name)
etc. etc. etc. etc..............
I wouldn't try to argue my countries OVERALL rating, but world leaders still go to the USA for care and the President of the USA would not have a mistake like that made. Considering turkey neck situation, I wouldn't look down your long native nose. But then again, maybe they were wanting to kill her and changed their minds.
Oh and soap operas, Utube, Wikipedia.....you're a walking wealth of youthful underachievement, we now know your knowledge source of worldly information when you're off mom's teet. argentina's public education system at work.....soaps, utube and wikipedia.......who said you need schools in argentina?
1-I have properties in Argentina and business and I have never been attacked or have any fear about anything.
Compare with so many countries like Italy for example Argentina is a paradise. In Italy you can get a fine for 1000 Euros if you have a sample to show to your clients of any product even one without a bolla (bill).
You cannot paint the front of your house without a permit from the Comune (municipality) and can take many years to approve the request. Once is approved even if you don’t have the money is mandatory to perform the job so you have to ask for a credit to a bank.
If you want to have guesses to stay at your home for more than a day you need to give advice to the your local Questura (police station). If you have a lighter of gold you need to have a francobolli (tax stamp on it) you have to pay also Fancobolli for having music player on you car.
You need licences for everything as is you are going to handle nuclear weapons.
By the way what kind of property or business do you have in Argentina that you are so scared?
I guess you are reading too much “La Destruccion” (La Nacion) and Clarin Cuete (Carin multimedia group).
A bunch of liars and corrupted like the Murdoch’s in UK.
2-I guess you are confused with the “El Think” he is no a racist person, trust me.
And please stop portraying yourself as an angel, British avoid to pay taxes every opportunity they have. And they love to pay less if they can. That is the reason why you got scammed so often.
Greed perhaps?
Ha ha
Dedicate to you Engel
www.youtube.com/watch?v=hwW3VbPtdlk
@to the retarded Brits wannabe here.
When I first arrived to London having some US dollars in cash no bank in London allowed me to open an account in US dollars. All told me that I have to turn it into British pound. Then was really harder to by US dollars for some amount like 50k.
So idiots stops talking BS all countries have their rules if you don’t like it move on.
You say:
”The War on Terror is a truly shameful con but had Argentina been in Britains place it probably would have succumbed to US pressure also.”
I say:
If you knew anything about South-American politics you would know that we already ”succumbed to US pressure” in the sixties, seventies and eighties……
What do you ”Think” the ”Doctrine of National Security“, all those ”Military Regimes” and the ”Plan Condor” were all about?
South America has ”Been there, Done that”, laddie
Seems to be your turn now…
You say further:
”Everyday' politics in Britain is shit but its less corrupt and authoritarian than in Argentina.
And then you write a loong list of things that would not be tolerated in British politics.”
I say:
Lets just pick one of the ”corrupt and authoritarian nastinesses” you mention in your list, shall we…..:
”Votes for 16 year olds”
Well, well, well…….
If you knew anything about British politics you would know that the right of vote for sixteen (16) years old citizens already exists in such corrupt and authoritarian places as:
The Isle of Man…..
Jersey…..
Guernsey….
Aldrney and Sark to follow soon….
And, to top it all, the voting age is likely to be reduced from 18 to 16 for the Scottish independence referendum.
en.wikipedia.org/wiki/Voting_age#United_Kingdom
I will leave you to properly research the rest of your loong list……….
-----------------------------------------------------------------------------------------------------------
(48) British_Kirchnerist
As you already guessed, my personal vote was for Binner……….........
About reelection…..:
If Cristina is interested in another term; (what I’m convinced She’s not) she should follow the example of Lula in Brazil.
Socialist greetings
El Think
It used to be the norm for young Argentines to work in somewhere like Spain for two or three years and return to Argentina with enough for a deposit on a home. That is not an option now, but it is an example of the benefits of earning a European salary.
A job involving a lot of travel always sound glamorous but it is still work. : )
She’s definitely hitting at you….
Eloquent, periphrastic young males have always fascinated older women…..
(IMHO, of course ;-)
A job involving a lot of travel always sound glamorous but it is still work. : )
Ain't that the truth! At least the Grand Prix is on in my hotel room!
Do you need money for the taxi to Ezeiza?
No problem I will give you the $200.
BTW where are you going?
I will recommend you Spain or UK.
SYL
Oops!
Seems I found the “Limo” that hires posh ElaineB for $250 (pesos)
www.alamaula.com/img/timthumb.php?src=/uploads/1/260/Classified/1079688/alquiler-de-limusinas-250-tel--668_big2.jpg&w=650
Here ElaineB on Party time
www.alamaula.com/img/timthumb.php?src=/uploads/1/260/Classified/1079688/alquiler-de-limusinas-250-tel--360_big2.jpg&w=650&h=412
”A job involving a lot of travel always sound glamorous but it is still work. : )”
Yeap! agree ask fellow bus driver.
Ha ha ha
”If Cristina is interested in another term; (what I’m convinced She’s not) she should follow the example of Lula in Brazil”
Well I still hope your wrong =) But Cristina 2019 wouldn't be too bad, a bit of time out of the pressure cooker of power might make her even more beautifula and she could I'm sure be active in politics in other ways in the gap term. But who do you think would be the K standard bearer for 2015 - Timmerma? A. Castro? Kicillof? And would you be inclined to vote for any of them? How is the Binnerite wing of Argie politics doing these days and what are their prospects going into 2015? I must say if there does have to be a rotation of the K bloc out of power I hope its to them, and they were the runner up last time =)
Poor CaMoron UK going to the drains like when flashing a toilette.
Banned to call on ports in SA.
Financial Armageddon knocking at his door.
Uncle Sam Especial relationship no working.
Argentina pressing him in SA and Spain in Europe.
Quiz!
Who is more incompetent Raja-hoy or CaMoron?
Just wonder how much delusion British and Spanish can take having these clowns in power?
Well at least there are so lucky because Britain always has beautiful weather...
Whatever. If it makes you feel better. What happens when you say crap like this all the time but it never happens?
Lewis Hamilton is about to take the chequered flag! It doesn't get any better than this.
Chuckle chuckle.
An experienced cougar will, of course, always deny that she's hitting on you.....
They are just interested in what you are saying....
(All IMHO, of course ;-)
The right to vote at 16 in a voting population of 45 million people is very different to tiny populations away from the mainland.
Even your comrade 'BK' acknowledged that Salmond wants to give (impressionable) 16 yrs the vote for strategic reasons (even if he cant admit that its exactly the same situation with CFK).
Many young people support CFK/peronism for ideological reasons (yet to experience real life) and also many are about to enter the free (but shit) university system. Funny that.
The Brits speak English and they share many other cultural characteristics with the Americans. A different kettle of fish to dealing with Latin Americans. Obvious.
---- I will leave you to properly research the rest of your loong list………. ---
In other words you failed to counter my comments.
Oh by the way you should try humility some time. You´ll find yourself becoming less bitter.
I gave you the benefit of the doubt and wasted some of my time on you....
My bad....
You may continue being a Prize British Turnip......
As I have already said many times in here, I try to avoid any interaction with them...... so......
Fare well and enjoy the rest of your Sunday.....
Argentine democracy:
Peron - friend of Hitler = CFK Peronist government = treatment of Falkland Islanders
Evita - hid about 5,000 Nazi War criminals in Argentina.
CFK - Evita?
No need to worry, when the dollars finally run out and Argentina cannot borrow money as it is regarded as a pariah state by international money lenders the Peso will be devalued (again) and it will be bye bye CFK.
you failed.
I just sold me gaff which i bought over four years ago,now the bank have phoned me as they say i need to fill in a form stating where i got me plata to buy it.They say afip is behind this inquisition!!I have been told by the bank that i need a cert from the stasi/afip to allow me to transfer me plata,from a dollar account not peso??,to a far off safe haven like North Korea!! what you think me chances are of getting a permit??thought not,fuck all chance!!!!!!!
The only comfort in this sorry story is the unrest this latest story is creating and how badly the witch placing herself on a level with God has been received by the general public. CFKC is known for speaking before she engages her brain but her latest blunders have shocking.
Most all of the non south americans that post here have been to south america numerous times and know what the people think of anal lips, tell someone that might believe you......like a 16 year old......or a alien resident.
The base idea in the story sounds very odd. Why short change when you can sell $£ for so much more on the black market anyway? You can profit far more from gaining more $£ to sell on than from shortchanging (which all currency exchangers do, particularly at traveling choke points).
Good morning to you all...........
I’ll go walkabouting and fishing for a weeks time or so……
Leaving my Tab 10.1 at me shed…..
Would you be so kind to keep an eye on the turnip farm until my return?
Thanks in advance
El Think
The media have made a real meal of her speech but then she deserves it for coming out with these pretentious 'wise ' confucious style statements - 'people are like this' 'I am like that...' Che CFK - Stick to the politics. Less of the of showboating
Without doubt its going downhill for her and her cronies and every week its a little harder to keep the supporters onside. The scary thing is tho it just takes one big event invariably a nationalistic event and they´ll swarm back to her. Happened with Maggie too tho for justifiable reasons.
The fishing season in Patagonia starts on 1st. November and finishes 31st May.
Shame on you Think!!!!!
@78
So hes a poacher too. Ah the simple life...the great outdoors, fishing, horses, turnips...computers (ipad?), speculation in oil companies...
He wished to exchange US$100 for incidental expenses between the airport and central Bs. As. He first went to the Banco de la Nación Argentina and asked the exchange rate, he was told ARS$4.65 per US$1.0, so he then went to a private exchange house which offered him ARS$6.0.
It seems that everything is absolutely normal as far as money exchange is concerned!!!!!!
.....and old Simeon is an old man ready to kicked the bucket!
www.munknee.com/2012/07/how-not-to-run-a-country-whats-really-happening-and-about-to-happen-in-argentina/
“I am watching two European soap operas, a french one called “Plus belle la vie”, and a German one “Herzflimmern”. ”
Do you have an Argentinian Naval Officer, too?
LOL
@67 PH
“our elected president”
-hah! You hide in Ontario Canada, calling yourself Prvates Hunter.
Your real name is Alex Vargas, you live at home still, and you are a petty thief.
The goddess at work endorsing pork. You have to see this to believe this. This was around the time she was giving free fish out at Puerto Madero
www.youtube.com/watch?v=lZ1VFIyhQbA&feature=player_embedded
LOL,
I know that BK would like to get “porked” by CFK !!
And now Check this:
German Health System (10 Billion Euro surplus)
www.thelocal.de/national/20120305-41151.html
TTT, do you get to realise the difference between fiction (first) and reality (link)?
If you ever would be treated in a german hospital, you'd feel in heaven, compared to what you get in RG-Land.
There is another protest tomorrow in Buenos AIres on Santa Fe I am told from my friends there
Unless you are an Argentinian, what business is it of yours to “support ” her.
If you have a vote, fine, other than that leave it to the citizens of the country -unless of course, which we suspect, you are one of them.
I have yet to meet anyone in Scotland who cares anything about Argentine politics except when the Falklands comes up on the news.
In previous posts I have asked you to give some information as to your ethnic origins and place of residence. No detailed info. is required.
This would give your posts more credence.
So far you have ignored these requests. Something to hide ?
I really like the term “Argenzuela” very clever remind me “Der präsident Hugo Chavez” and his fight against the Necons imperialist good for nothing.
Long life to “Der präsident Hugo Chavez” and “Maikönigin Cristina Kirchner”
We will be back reloaded...
From where - Glasgow, Edinburgh, Aberdeen ,Auchtermuchty ?
“, the majority of Argies who support their brilliant President”
ha ha, really BK???
Are you that brain-washed?
Did CFK ask you and sussie to stand at the gates of the Casa Rosada and “fight to the end”???
Your regime is falling faster than your peso. Sorry.
If you would be able to write proper English sure I will be able to understand wtf you have tried to say.
@British_Kirchnerist
No need to make any protest Mr. BK civilised people just vote and I’m quite sure for whom I will not vote.
And guess for whom I will never vote?
Here a little help starts with “Ma” and ends with “Cri”
Mauricio “devolvé los adoquines y la guita que afanaste para clarínMiente”
www.taringa.net/posts/info/11472618/_Macri-roba-para-el-grupo-Clarin-190-millones-de-dolares-.html
Macri steals money from taxpayer to favour ClarinMiente Group in USD 190millions.
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