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A comment on Argentina restricts online shopping as foreign reserves drop. Parent comment

Re:Argentina restricts online shopping as foreign reserves drop by wslh on Wednesday January 22, 2014 @12:58AM (#7101027)
One of the simple ways to solve the payment issue is to open an LLC in USA, receive the payments in a US bank account and transfer the money via a "cueva" (cave).

There are legal ways also, you can find the details in the Globant's SEC filling: https://www.sec.gov/Archives/edgar/data/1557860/000114420413...

In that way you can buy and sell dollars using the black market currency in a legal way.

[ Parent | on HN ]
Re:Argentina restricts online shopping as foreign reserves drop by rahimnathwani on Wednesday January 22, 2014 @02:38AM (#7101330)
tl;dr

Buy USD-denominated Argentine government bonds in the USA (or have your customer do that). Sell the bonds in Argentina, getting more pesos than you would have through the normal mechanism.

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