FlyerTalk Forums - View Single Post - ATM Problems in Argentina
View Single Post
Old May 12, 2008 | 8:06 am
  #36  
Gaucho100K
Moderator, Argentina and FlyerTalk Evangelist
40 Countries Visited
2M
50 Countries Visited
25 Years on Site
 
Join Date: Aug 2000
Location: MIA / EZE
Programs: Lord of Malbec & all Wines Argentine. AA EXP / Marriott Lifetime Gold / Hyatt Explorist / Hertz PC
Posts: 36,206
1MioFlight-- sorry to hear about your troubles... if your family lives in Cordoba and you also spend a reasonable time there, I think that the above advice to perhaps open an account at some local bank may be the way to go... alas, please note that there is paperwork involved and also every time you wire funds down you will also have to fill out papers and then have to convert your Euros to Pesos... even if you want to withdraw Dollars from your local account. I dont know how many times a year you yourself come down, but maybe its best for you to be a cash mule of sorts and come down with the max. USD10,000 allowable by law and just open a safety deposit box.

Also, please remember that operating in Euros in Argentina is more expensive than other foreign currencies, as all FX transactions are cross-referenced to the dolar.... so in the end, if you have an inexpensive way to source USD cash in Europe then this would be the best solution to feed your Cordoba safety-deposit box.... but then, you run dollar risk and its possible continued weakness against the Euro....... ahhhh so many things to consider...

Hope this helps somewhat.
Gaucho100K is offline