The traditional “arbolitos” (people who illegally exchange currency on the street at a higher rate) where nowhere to be seen in downtown Buenos Aires on Monday since the practically “fled” the City due to the stricter controls enacted by the Government targeting capital flight and tax evasion and an increased amount of police officers in the streets.
There was also no clear exchange rate in the informal market today, but the dollar fluctuated between 4.55 and 4.70 pesos.
The new measures enacted by the AFIP tax agency force people trying to buy foreign currency to show where they got their money, based on their wealth and income.
Currency exchange operators said that the AFIP resolution created doubts inside the market and pushed all “arbolitos” away from the City.
Source: Buenos Aires Herald