It's wild while living in Argentina as a foreigner to experience 3 different exchange rates for US dollars to Argentine pesos

Official gov rate (e.g. airport stand): 
$1 for ~185 pesos

VISA/Mastercard (diff than official gov rate as of Nov 2022): 
$1 for ~330 pesos

Black market ("blue dollar"):
$1 for ~370 pesos

Co-founder @bountycaster (bountycaster.xyz). Co-producer @ethereumfilm. Previously co-founder of Scalar Capital and product at Coinbase

Understand black market being daylight robbery but what’s going on with the payment rails?

Gov recently allowed foreign-issued Visa and Mastercard cards to get significantly better rates to promote tourism. Apparently not implemented for AMEX yet https://www.batimes.com.ar/news/economy/argentinas-elaborate-ploy-to-lure-tourists-has-begun.phtml

Ah was thinking from a locals POV, thanks!