{"id":2813,"date":"2020-11-25T06:59:25","date_gmt":"2020-11-25T06:59:25","guid":{"rendered":"https:\/\/afluxcoin.com\/59\/argentina-and-the-broken-economy-the-best-place-to-be-if-you-earn-in-us-or-crypto\/"},"modified":"2020-11-25T06:59:25","modified_gmt":"2020-11-25T06:59:25","slug":"argentina-and-the-broken-economy-the-best-place-to-be-if-you-earn-in-us-or-crypto","status":"publish","type":"post","link":"https:\/\/afluxcoin.com\/es\/59\/argentina-and-the-broken-economy-the-best-place-to-be-if-you-earn-in-us-or-crypto\/","title":{"rendered":"Argentina y la econom\u00eda rota: el mejor lugar para estar si gana en US$ o Crypto"},"content":{"rendered":"<p>Last time I was talking about \u201cWhy Argentinians Save in Bitcoin and How Covid-19 affected Peso?\u201d and promised to be back with more insights on the local economical environment. This time I will dig a little bit deeper to show you how the \u201cBroken Economy\u201d works and share my observations on free money in Argentina. Of course, the story would not be completed without our good friends: US dollar cash and crypto (particularly the lord Bitcoin).To be honest, I started writing this article a while ago, and before I could publish, the government introduced a new (additional!) 35% tax effective immediately. I decided to pause the publication to add some more updates as it goes. So let me start with original content to cover the basics of Argentinian Peso and share the changes along the way.Before we start, let me cover again the basic thing that makes all free money loopholes happening: the difference in exchange rates. At the moment there\u2019re 3 different exchange rates:official rate,blue dollar,financial dollarThe largest gap used to be between the financial dollar and the official rate, lately, due to the new government regulations of financial markets, this rate went slightly down. As for now, the highest rate that you can obtain in Argentina is a blue dollar rate that is 70\u201375% larger than the official rate (now 90% and this difference reached ~123% in October). Before the pandemic, the best rate that I could get as a foreigner was through Western Union since it used financial dollar rate and it was higher than the blue dollar. Now my best choice would be to sell dollar cash or cryptocurrency at the OTC.Earn in dollars spend in pesos. That what people always keep in mind here.DISCLAIMER: Please note that some of the cases can apply arbitrage trading\u2026<\/p>","protected":false},"excerpt":{"rendered":"<p>Last time I was talking about \u201cWhy Argentinians Save in Bitcoin and How Covid-19 affected Peso?\u201d and promised to be back with more insights on the<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/2813"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=2813"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/2813\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=2813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=2813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=2813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}