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Bought a car in Argentina today. They meticulously evaluated all the $100 bills I had. This one was rejected because of the writing. Another because of a stain. Not sure how much I can get for them.

What’s going on with money here is fascinating. Everyone’s a money trader. I traded a few thousand USDt for usd bills for only 0.25% today, but realized I needed pesos so asked the Chinese guy at the corner store if he wanted dollars for pesos and then I traded with him.

I’be been trading dollars for pesos with the owner of the gym I go to the last couple of weeks. He even helped me make a digital transfer to the car dealership for the deposit.

Money is on everyone’s minds here. Just not yet Bitcoin…

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Discussion

Leo Wandersleb 1y ago

It's such a pain. Much less scribbling on the bills can get a rejection. I don't know why. An Argentinian told me they treat every bill like it was art. The stupid thing is that as long as the land lord is picking about bills, I have to be picky, too, so it's contagious and as there is no bank where you can deposit just any more-than-half bill for full value, the game will continue.

Rams 1y ago

Will save in the suitcase for the next trip to El Salvador

John Smith 1y ago

yeah, also any old bill also get discounted heavenly or denied. Only 50 and 100 bills accepted and rate in still a bit all over the place so some places charge a big spread