Money Transfers to Argentina

1POSTS

5 years ago

Hello Everyone!

Our US-based company currently has a couple of employees in Argentina, and we struggle to transfer money from the US to them.
I mean, there are lots of money transfer services (paypal, remitly, wester union etc.), but the problem is that any US dollar we send is automatically converted to peso per OFFICIAL currency rate, which is twice less! Those who live in Argentina know what I mean. Our mates are losing money.

Please share your experience with us, we really need your advice to help our Argentinian colleagues!
How do you get paid from abroad? Is there any way the Argentinian recipients can get transfers in US dollars??? Or聽 Peso, but not losing money?

I look forward to hearing any feedback!

+1000 to your karma

Kind regards,

Eugenia

1 member reacted to this post

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Antwallis Member

1POSTS

5 years ago

Hello Eugenia,

There is no simple solution to this problem.
I would encourage them to look into ways to use the El d贸lar MEP (la sigla de "mercado electr贸nico de pagos"). This is a slightly more complex way of bring money in and you will need the help of an accountant. But the MEP dolar tracks very close to the Blue Dollar.

1 member reacted to this post

trixiesmom2u New member

3POSTS

4 years ago

I also have a question regarding this. If my SS check is deposited in my Fl bank and I want to withdraw the pesos for my rent, how will I be able to do if there is a limit of 1000. Pesos a day? At least so I have heard. I plan to get a pensionado and with an NDI I鈥檇 be able to open up a bank account but until then, what do people do?

baonoibai Member

1POSTS

4 years ago

We have friend in argentina. He working in bank . Please whataap : ***

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