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FILM

These Black Market Money Changers in Argentina Want Your Cash.. (Blue Dollar Economy Buenos Aires)

Pedro Mota 19:31 October 2020

EDITORIAL SUMMARY

An episode from the America–Patagonia to Alaska series, this film pauses in Buenos Aires to examine how Argentina’s parallel currency market affects everyday spending. The focus is the Dollar Blue, the exchange practices around it and the filmmaker’s experience managing cash as a traveller.

About this film

Episode 113 follows a practical concern that arose during the filmmaker’s stay in Argentina’s capital: with inflation making card payments less appealing, he moved to exchanging euros for Argentine pesos. The film introduces the Dollar Blue, a black-market exchange that the description characterises as illegal but semi-tolerated, and compares its rates with official exchange rates. Rather than treating currency as background detail, the episode uses it to show how a visitor’s access to money can shape a stay in Buenos Aires. It also brings together the filmmaker’s own experiences and those of other people using cash in Argentina.

The journey

While stuck in Buenos Aires, the filmmaker speaks with money changers on Florida Street to learn more about their work. The episode explores the higher rates available through the parallel market and the difference those rates can make to the value of exchanged money. It also describes an alternative the filmmaker was fortunate to use as a tourist: exchanging money through Western Union. This is a city-based interlude in the wider South America journey, centred on navigating local exchange options rather than covering a new riding route.

What to expect

  • An introduction to the Dollar Blue and Argentina’s parallel exchange economy
  • Conversations with money changers on Buenos Aires’s Florida Street
  • A traveller’s account of exchanging euros, using cash and Western Union

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