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Old May 12, 2008 | 8:46 am
  #37  
USAFAN
 
Join Date: May 2000
Location: Naples, Florida
Posts: 7,419
Originally Posted by Gaucho100K
[B]....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:

I just checked my bank in Germany. I could wire (ON-LINE?) ARS (or US-$) from my German Euro account to a bank in Argentina. What is the problem? Just asking ... I still remember that you have been in the financial business in your "first life".
BTW, instead of bringing notes/cash, he could ask the German bank for an "Order Scheck" .... a secure bank check, which can be deposited in a local bank account.
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