Argentina just defaulted on their international loans a couple of weeks back. Â They defaulted on tens of billions of dollars. Â This is the second time they’ve done so since 2001. Â In 2001, the value of a peso essentially hit zero.
This year, they’re still hanging in there somehow.  Even so, investors expect the peso to lose 11% of it’s value against the dollar in the next 90 days.
The good news for non-Argentines is that the peso is losing value faster than people can change their prices. Â Especially ski resorts. Â Lift ticket prices were fixed in the fall. Â Yet, the value of the dollar continues to rise against the peso. Â The blue dollar (black market dollar) is really doing well.
How To Exchange Dollars for Pesos on Black Market:
 Blue Dollar Exchange in Argentina
Right now, the blue dollar (the black market dollar) is currently worth 13.2 pesos. Â On opening day of the ski season here in Argentina, one dollar was worth 11.7 pesos. Â That means that since ski season started, the peso has lost 11% of it’s value against the dollar. Â You’re making money in Argentina, without even knowing it.
The official exchange rate right now is 1 usd = 8.27 argentine pesos. Â This means that with the blue dollar at 13.2 pesos, you’re making 37% more money for free. Â Everything in Argentina is 37% off. Â
Don’t wait. Â Go to Argentina now. Â No one is sure how much this blue dollar is going to last.
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