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It's actually much more than 15-30% if you go with the official/legal way: I would say you likely lose ~70% at the moment. Most people doing contract jobs in Ar
by pera 5y ago
It's actually much more than 15-30% if you go with the official/legal way: I would say you likely lose ~70% at the moment. Most people doing contract jobs in Argentina have a bank account in Uruguay, the US or Europe, and use cryptocurrencies or travel to bring cash.
- anm89 5y agoThat's pretty astounding. Would you be willing to breakdown how 70% gets lost on a transfer?
- edko 5y agoYou will be compelled to exchange your dollars at the "official" exchange rate (which is about 1/2 of the real market value), so you lose ~50% there. On top of that, you have to pay taxes.
- emi420 5y agoWhen a company sends USD to a bank account in Argentina, the bank must to convert that amount to "pesos argentinos" (ARS), using the "official rate". You can't get USD transferred to your account from other people than yourself (or a company owned by you). Right now the "official rate" is 110,5 ARS for each USD, but if you sell your USD (using crypto or in the "dark market") and get ARS, you'll get 222,5 ARS for each USD. And that's before the taxes.
- yazantapuz 5y agoAnd you can't bought more than 200 USD per month at the official rate, so the need to bought the USD through an exchange or in a "cueva".