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A comment on In Argentina, inflation is a way of life. Parent comment

Re:In Argentina, inflation is a way of life by emi420 on Thursday January 27, 2022 @03:55PM (#30106525)
When a company sends USD to a bank account in Argentina, the bank must to convert that amount to "pesos argentinos" (ARS), using the "official rate". You can't get USD transferred to your account from other people than yourself (or a company owned by you).

Right now the "official rate" is 110,5 ARS for each USD, but if you sell your USD (using crypto or in the "dark market") and get ARS, you'll get 222,5 ARS for each USD.

And that's before the taxes.

[ Parent | on HN ]
Re:In Argentina, inflation is a way of life by yazantapuz on Thursday January 27, 2022 @04:34PM (#30107061)
And you can't bought more than 200 USD per month at the official rate, so the need to bought the USD through an exchange or in a "cueva".
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