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  Argentina : Handbook : Money and Currency

MONEY AND CURRENCY   

Money and Currency
  • Money
  • Travelers Checks
  • Automatic Teller Machines
  • Credit Cards
  • Money exchange

  • Money

    Argentina Money and CurrencyThe 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.

    Until 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.

    This 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.

    Travelers Checks

    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).

    Automatic 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. 

    Credit Cards

    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.

    Money Exchange

    Argentina Money and Currency

    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)


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