Hunt for Dollars Sends Argentines Into the ‘Cave’

“As the government restricts access to foreign currencies, Argentines seeking hard-to-get dollars have been pushed into cuevas, or caves—clandestine operations where customers pay dearly to exchange pesos for greenbacks.  Buying dollars for savings is banned, and authorities make only small amounts of foreign currency available for travel abroad. Travelers must submit an online request to the national tax authority just days before leaving.  Businesses need government approval to import equipment and materials at the cheap official exchange rate. Dollar-sniffing dogs are posted at border crossings to catch those traveling with undeclared currency.”

http://online.wsj.com/article/SB10001424127887324010704578418662965631052.html

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