Currency Controls
I have a mostly curiosity question about the currency controls.
I believe that the Argentinian government has fixed the US Dollar to Arg Peso exchange rate for banks ... meaning that ATM and Credit card transactions are processed at that rate.
I recently attended an event at a hotel ... they quoted me a price in US$ and made me sign a form agreeing to the price. However, when they brought me the bill it was in Arg Pesos ... which, of course, is normal in most countries. However, they used an exchange rate of more than 5% more than the government rate to calculate the amount of Arg Pesos I had to pay. This seems terribly wrong to me. Is this acceptable practice under the government regulations?