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Until Argentina regularized its currency situation in late , these money changers did offer dollar and euro exchange rates that were much better than the banks. Today, banking is more normalized in Argentina and the parallel currency market is much smaller.
In fact, for the first time ever from mid until the arbolitos who remain in business gave slightly less for dollars or Euros than at the bank. Now that the official rate for dollars and Euros beats or is in line with the black market rate, travelers are no longer coming to Argentina carrying wads of foreign cash, but the money changers remain because Argentines prefer to save in dollars instead of the inflationary peso.
To change foreign currency at the bank, visitors with no local bank account have to go to the National Bank with a passport, and typically wait in a long line for the simple transaction.
Those who want to skip the line and change money on the black market are still advised to find a reliable exchange house and not do transactions in the street.
The main problem with using an atm to withdrawal cash while in Argentina is that the withdrawal limits are low and the fees are high. Those who have bank accounts in Argentina who would like to avoid the ATM fees, can learn about and sign up for Transferwise on this website.