Originally Posted by
SK AAR
Buying foreign currency at 20-25% below official bank rate can hardly be legit. No wonder the Colombian authorities will seize such large cash amounts should there be an opportunity to do it.
it is perfectly legitimate. Even at BOG airport the rates for exchanging dollar are usually 3100 sell and 3400 buy whilst actual usecop official rate is 3780 as of now. Country is flooded with foreign currency and demand for local money is stronger than official exchange rate. Opposite of what my mate is seeing in Lebanon, where official exchange is 1500 but if you can bring usd in you can get 7500. Think of the airline tickets you could buy in local currency with 5x discount
