>>18222503ikr the good thing about this is that this failure of a country is so lawless when it comes to economics, not even politics know how legals work which ends up in the many exchange rates there are for USD.
Google shows the wrong numbers when you look it up. That's the rate for the so called "Dólar Nación" which is administered by the national bank. Thing is that no one other than the bank itself has access to these rates, which ended up creating a parallel market on the streets called "Dólar Informal" or more popularly known as "Dólar Blue". That's how much 1 dollar is actually worth.
Why does this matter, you ask? Simple. By blocking the dollars the bank has in its reserves (which are extremely low, mind you), this created an underground market where people locally are bidding for a dollar with a mark up of as high as 120%. That's how desperate people in Argentina are to save up in dollars.
What's best is that prices for products such as PC components and home appliances are tagged with the dollar's global price, even here. Basically speaking, you can purchase the same phone Apple tries to sell you at $1,500 for more than half that pricetag ($750.) And those two are only an example: anything priced in Argentinean Peso can be bought by more than half the price that way.
tl;dr: exchange rates are fucked to the point where you can purchase anything in more than half the pricetag as long as it's priced in ARS.
