Ultimo Momento: Carrying Cash in Argentina After Exchanging to Spanish and SEO Tags
Exchanging Money in Argentina
Traveling to Argentina requires careful planning, especially when it comes to managing your money. One essential aspect of this is exchanging your currency into Argentinean Peso (ARS). It’s important to know that Argentina uses a Closed Capital Account Regime, which means you can only buy and sell foreign currency in the country at an official exchange rate set by the government. This official exchange rate is usually lower than the level at which you can buy or sell ARS on the black market or through online platforms.
Ultimo Momento de la Moneda Extranjera (Foreign Currency’s Last Moment)
In Buenos Aires, you’ll typically receive a receipt with your exchange rate and a registration number when you exchange foreign currency. This is known as the “Ultimo Momento de la Moneda Extranjera” or “Last Moment of Foreign Currency.” This receipt is crucial as it serves as proof of the official exchange rate at which you exchanged your money. It also helps you avoid getting ripped off by unscrupulous money changers who may offer you a lower rate.
Why Use Official Exchange Rates in Argentina?
Using official exchange rates in Argentina ensures that you are exchanging your currency at the government-set rate. This prevents you from being victimized by rogue money changers, which are common in places like Buenos Aires and other tourist-heavy destinations in the country. Moreover, using the official exchange rate allows you access to better-regulated exchange houses that provide a more consistent and reliable service.
How to Change Foreign Currency in Argentina
To change your foreign currency to Argentinean Peso, you should visit an official exchange house known as “casa de cambio.” You can find these exchange houses throughout Argentina, especially in major cities and tourist spots. Here are a few tips to help you find a reputable exchange house:
1. Look for exchange houses with a high volume of customers. This typically means they are reliable and trustworthy.
2. Avoid street vendors or smaller shops that may offer lower rates. Stick with well-established businesses.
3. Ask around for recommendations from local residents or your hotel staff. They can provide you with insight into the best places to exchange your money.
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Traveling with Cash in Argentina
Due to Argentina’s Closed Capital Account Regime, carrying cash in the country can be a bit challenging. The government has imposed strict limits on how much foreign currency you can bring into the country and take out when leaving. Here are some tips on managing your cash when you visit Argentina:
1. Consult the Official Swedish Exchange Authority (Reservas) before you travel: Before you leave for Argentina, check the Reservas website. This official government organization sets the exchange rate for foreign currencies. The rate is volatile and it’s essential to keep an eye on the rate before you travel.
2. Be aware of the cash limit: The limit for carrying foreign currency into Argentina fluctuates. Typically, you can bring in up to USD 200 or its equivalent in other currencies. When leaving the country, the limit is USD 100 or roughly 300 EUR. However, these limits may change, so it’s important to know the current regulations.
3. Avoid getting your cash changed in the airport: The rates for exchanging money in airports are typically worse than those offered by local banks or official exchange houses. If you need cash immediately after landing, withdraw money from an ATM using a credit or debit card.
4. Carry any leftover currency when you leave: If you have leftover foreign currency when you leave Argentina, you can exchange it at the official exchange rate set by the government. Once you arrive at your destination, check the Reservas website and use an online currency converter. This will help you get the best possible rate.
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Conclusion
By understanding the Ultimo Momento and being aware of the official exchange rates, you’ll find it easier to navigate Argentina’s currency landscape. It’s crucial to avoid money changers and stick with official exchange houses to get the best rates. Moreover, by managing your cash wisely and keeping up to date with the Reservas website, you can make the most of your travel experience in Argentina.
I just want to know how everyone carries their cash around in Argentina or Buenos Aires? I exchanged about $2000 US dollars at western Union and they almost didn’t have enough to give me around 2pm. It was almost 2,580,000 pesos. How do you cary that around. I had to empty out my day bag. A whole bunch of 1000 peso bills. I guess they have to give you the whole amount at once. I guess 1000 pesos bills is the largest they got. If you don’t have a bank account how do you store it. The safe in your hotel? I felt like I was going to get jumped after I left western Union. Also, is there an app people use to pay with pesos so you don’t have to carry wads of cash around like the suica card in Japan? I mean after eating a meal for 2 people at a nice restaurant I needed to pay like 30k pesos. That is like a wad of cash with 1000 peso bills. I can’t imagine carrying around smaller bills. I would need to wear a backpack full of cash all the time. I guess the only way is to keep it in your hotel and only bring as much as you think you will need for that day. Any other tips or recommendations? Maybe making multiple transfers at western Union instead of one big one?
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I roll it up my ass, best wallet is your own meat wallet
2k usd is like between 2 and 3 months salary on a good day. in short, tons of cash
moreso if they don’t give you 10k ars bills.
next time change less at a time.
no one carries that much money unless buy a motorbike or something
also, probably they saw you as a foo and dumped on you all the lower denomination bills, as you well mention, it is at least a hassle to handle those even for day to day purchases or going out
edit: also, welcome to argentina and our shenanigans, have great time and stay safe.
30k pesos meal for 2 people seems very good deal (depending where and what did you ate).
Lately i’ve swapped to [this kind of wallet](https://upload.wikimedia.org/wikipedia/commons/thumb/5/55/Brouette_chantier.JPG/1280px-Brouette_chantier.JPG), is bulkier but necesary and comes in many colors
But yep, there are $10000 bills but they are hard to get, at best you get the $2000 ones, and keep em on a backpack couse there is no regular pocket wallet that can do it anymore.
Well I don’t. It’s just not practical for me. If I have to because of tax evasion or something (that I don’t do, because that is illegal) it’s usually smaller amounts and just for specific things. I.e, if I’m going to pay rent and I need to use cash, I just carry that, maybe in a backpack and if it’s too much I’ll move in a uber or smth.
But If I’m going out for a meal, carrying 100-200k is not that much, you can split it in whatever places you have like pockets or purses or whatever. We have 10k bills now.. I… think I saw one…
How would I store that in my apartment? Well 2kk is not that much, if I’m not spending it I would isntantly trade it for dollars. Storing pesos is stupid, inflation eats it. If I was a tourist and had that cash? Honestly no clue, get a lock maybe and store it on a pack at the hotel, and close it with the lock. If they are going to steal it at least will be harder than just opening the “safe box” that they can sure open without forcing it.
The easy solution is to not exchange $2000 at a time. Selling dollars is extremely easy to do unless you’re in to the middle of the Patagonian steppe. Just sell one or two hundred dollars at a time and repeat whenever you start to get low on pesos.
You can pay with card in most places but the exchange rate would be slightly less
Anybody knows the rate difference between cash at western union and pay with a credit card?
Folded and in a rubber band
https://youtube.com/shorts/fA18LKRIjKc?si=Ic_-m2nm2l4CehdX
Well, we have 10k and 20k pesos bills, so 1k is not the largest, but leaving that aside try exchanging the money as you need it, our economy is constantly changing rn, so try and change it as you need, or use online wallet like mercado pago, or similar, maybe debit card, we take dollars, so its not absolutely nessesary to change it anyways
Use the Belo app, which you can use for crypto with a physical Mastercard