Argentine currency is the Argentinean peso. The Argentinean peso
is printed in bills of 2, 5, 10, 20, 50, 100; and in coins of
1, 5, 10, 25, 50 cents and 1 peso.
January of 2002, one peso equaled one U.S. dollar and this value
was established by the Law of Conversion. As of that date, said
law was abolished and the peso began to fluctuate in the market,
thus, causing the quoted price to change on a daily basis.
new economic standard, which involved a considerable devaluation
of the Argentine currency, makes this country an attractive destination
not only for its natural beauty, but also now for its very accessible
prices to foreign tourists.
Some of the larger shops in Buenos
Aires usually accept travelers checks, but it is unlikely in the
smaller stores or shops; in which case you will be obligated to
cash them in banks or a money exchange office (casa de cambio).
Teller Machines (ATM)
You can easily find ATM's in the
main cities of Argentina. If your debit card can be used internationally
and the machine displays one of the logos that appear on your
card, for example Visa, Cirrus or Plus, you won’t have problems
withdrawing money. However, take in to consideration that your
bank will charge a certain fee for this service.
The majority of credit cards are
accepted without inconvenience in Argentine stores, nevertheless
it is possible to suffer some type of surcharge in the price or
not benefit from a possible discount that you could receive if
you pay cash. The most accepted credit cards are Visa, American
Express, Diners Club and MasterCard. We recommend that you pay
attention to the time that you paid with your card, don’t allow
too much time to pass from when the person takes your card to
when they return it for your signature.
You can exchange money in hotels,
banks and money exchange offices. Banks may offer a more convenient
exchange rate, although the procedure could take longer. Undoubtedly,
the easiest foreign currency to exchange is the U.S. dollar (USD),
thus, making it convenient to first exchange your money to dollars
in your country. Even though many places accept payment in dollars,
it is always good to carry Argentine pesos at all times. This
is essential when traveling to more remote provinces and areas.
For information on exchange
rates check The
Universal Currency Converter (TM)