Due to Argentina’s rigorous foreign exchange regulations, this is critical. If you send funds in ARS, the exchange rate used will be the official wholesale rate, which may be significantly less favourable than market rates. Sending funds in USD (US Dollars) is further recommended, as the recipient can receive the money directly into their foreign-currency savings account, though limits on cash withdrawal may apply. Always consult a financial advisor regarding local regulations.
Should I send funds in ARS (Argentine Pesos) or USD?
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