Have you ever wondered what the money in Argentina is called? The official currency of Argentina is the Argentine peso. The peso has been the country’s currency since 1992, replacing the Argentine austral at a rate of 1 peso to 10,000 australs. The peso is abbreviated as ARS, and it is represented by the symbol “$” just like the US dollar.
What are the denominations of Argentine pesos?
Argentine pesos come in banknotes of 2, 5, 10, 20, 50, 100, 200, 500, and 1000 pesos. There are also coins in denominations of 1, 2, 5, 10, and 25 pesos.
Is the Argentine peso stable or volatile?
The Argentine peso has a history of volatility due to various economic and political factors. In recent years, the peso has experienced significant devaluation against major currencies like the US dollar.
Where can you exchange foreign currency for Argentine pesos?
Foreign currency can be exchanged for Argentine pesos at banks, exchange houses (cambios), and official exchange booths located in airports and tourist areas.
Can you use US dollars in Argentina?
While US dollars are widely accepted in Argentina, it is recommended to exchange them for Argentine pesos to avoid unfavorable exchange rates or additional fees.
Are credit cards widely accepted in Argentina?
Credit cards are widely accepted in Argentina, especially in major cities and tourist areas. Visa and MasterCard are the most commonly accepted cards, followed by American Express.
Is it safe to carry cash in Argentina?
It is generally safe to carry cash in Argentina, but it is advisable to take precautions like using a money belt or keeping money in a secure place to avoid theft.
Are there ATMs in Argentina?
ATMs are widely available in Argentina, especially in urban areas. Most ATMs accept major international debit and credit cards.
What is the best way to budget for a trip to Argentina?
When planning a trip to Argentina, it is recommended to budget for expenses in Argentine pesos to have a better understanding of the cost of living and avoid surprises.
How much does it cost to eat out in Argentina?
The cost of eating out in Argentina can vary depending on the type of establishment and location. On average, a meal at a mid-range restaurant may cost around 500-800 pesos per person.
What is the tipping etiquette in Argentina?
Tipping is not mandatory in Argentina, but it is appreciated for good service. A standard tip is around 10% of the total bill.
Can you haggle over prices in Argentina?
Haggling over prices is not common in Argentina, especially in formal establishments. However, you may be able to negotiate prices at informal markets like flea markets or street vendors.
Is it customary to bargain with taxi drivers in Argentina?
Taxi fares in Argentina are usually metered, so there is no need to bargain with taxi drivers. It is recommended to use official taxis or reputable ride-sharing services to ensure safety and fair pricing.
In conclusion, the official currency of Argentina is the Argentine peso, which comes in various denominations of banknotes and coins. While the peso has faced volatility in the past, it remains the primary form of currency used in the country. When traveling to Argentina, it is essential to familiarize yourself with the local currency and exchange rates to make the most of your experience.