2 ms·
Just checked wise to transfer from USD to ARS and the exchange rate is the official mandated by central bank which isn't the real market exchange rate, it's rou
by kobalsky 5y ago
Just checked wise to transfer from USD to ARS and the exchange rate is the official mandated by central bank which isn't the real market exchange rate, it's roughly the half.
Since you can't receive USD here (well you can, but the government wants them more than you), you either send ARS from abroad or you receive USD and they get converted at the official rate which means you lose half your money.
I know Argentina is a big red edge case, but it shows how crypto can help when the currently existing financial system crumbles due to power abuse.