Local currency in Argentina, and where to exchange money - RipioTurismo DMC for Argentina
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Local Currency in Argentina and Where to Exchange Money

Local Currency in Argentina and Where to Exchange Money

Argentina: The Argentine Peso (ARS)

The local currency in Argentina is the Peso (ARS). It’s not easy to tell you how much equals 1 peso to 1 dollar, because of the constant fluctuation of the exchange rate. Be ready to check on arrival for different exchange rates available in the airport, hotels, and “casas de cambio” (exchange houses).

But first, let us explain which billets you can expect. There are coins, but these are less used due to devaluation. You have coins of 1 PESO, 2 PESOS, 5 PESOS, and 10 PESOS (there are also coins of 10, 25, and 50 cents but today they’re not used) Notes come in denominations of 20, 50, 100, 200, 500, and 1000 pesos and take note that one peso equals 100 centavos

 

 

Argentinian bills.

 

Payment Methods Accepted in Argentina

Note, that US dollars are widely accepted by many tourist-oriented businesses in Argentina, but a good idea is to exchange some pesos.

Counterfeiting, of both local and US bills, has become a problem in recent years, and merchants are very careful when accepting large denominations. You should be, too; look for a clear watermark or running thread on the largest bills, and get familiar with the local currency before you arrive in Argentina. Being aware of fake bills is especially important in dark places like nightclubs or taxis.
Getting change from large denominations can be a problem for small purchases. Large supermarkets and restaurants are your best bet. Always keep a stash of change with you, in both small bills and coins.

Credit cards are also widely accepted in larger stores, hotels, and restaurants. So, it’s important to use credit cards. The most widely accepted credit cards are Visa and MasterCard, though American Express and a few others are valid in some establishments. Some businesses add a surcharge when you buy with your credit card. If you use a credit card to pay restaurant bills, be aware that tips can’t usually be added to the bill. Many lower-end hotels and private tour companies will not accept credit cards. Many places will give you a small discount if you pay in cash rather than using a credit card.

 

Coins in Argentina - RipioTurismo Incoming Tour Operator Argentina

 

Where to Exchange Money in Argentina?

US dollars are the preferred foreign currency, but also Euros can be exchanged without problems. Cash dollars and euros can be changed at banks and casas de cambio (exchange houses) in most larger cities, but other currencies can be difficult to change outside Buenos Aires. Check that before arriving in Argentina. Check with your concierge to see what`s the best way to change money.
You’ll need your passport to change money; it might be best to avoid any sort of street-tout money changer that can be offering a better exchange rate, but it can be not safe for you.

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