Problem being, in Argentina are two FX's in regards to restrictions of the Government.

 Problem being, in Argentina are two FX's in regards to restrictions of the Government.

1)            The official rate around 9.17 ARS / USD (unreachable for outside Argentina accounts)

2)            The blue rate around 14.50 ARS / USD (offshore fx, i.e. everyone outside Argentina)

Hence the client statement is overstating the position.

 the following calculations based on indicative pricing:

ARARGE03E105 / 2047531:

Nominal ARS 348'728 * 7.50% USD Dirty Price = USD 26'154.60

ARARGE03E147 / 2047711:

Nominal ARS 700'000 * 0.50% USD Dirty Price = USD 3'500.00

ARARGE03E121 / 2047637:

Nominal ARS 20'000 * 22% USD Dirty Price = USD 4'400.00

ARBNAC030255 / 1664368:

Nominal ARS 100'000 * 11% USD Dirty Price = USD 11'000.00