sdifox
No Lifer
- Sep 30, 2005
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Argentina might be different because they've defaulted so many times. I don't know who would have faith in Argentina currency. So that's why there is likely such huge difference between the official and black market exchange rate. Same in countries like Venezuela and Cuba. Most of the stable countries, the exchange rate between banks and money changers are not that drastic.
Everyone holds US dollar there and only exchange when needed. I still remember the days when you sell something in the morning and you cannot buy the same item from the supplier in the afternoon with the money you made in the morning.
