Argentina Local Currency

Local Currency

The Argentines currency is the Peso. Prices are quoted in Argentine pesos. Notes come in denominations of two, five, 10, 20, 50 and 100 pesos. One peso equals 100 centavos; coins come in denominations of one, five, 10, 25 and 50 centavos, and one peso. US dollars are usually accepted in many tourist operations, but always carry some pesos in case. Changing large denomination bills can be an issue throughout the country. Whenever you can, change your AR$100 and AR$50 bills at the bank. You may find yourself out of luck if you try to use large demoninations with small stores, in taxi's or at kiosks.

US dollars are by far the preferred foreign currency, although Chilean and Uruguayan pesos can be readily exchanged at the borders. Cash dollars and Euros can be changed at exchange houses in larger cities, but other currencies can be difficult to change outside Buenos Aires.

Carrying cash and an ATM card is the way to go in Argentina. Visa and MasterCard are widely accepted although some businesses add a (surcharge) of 5% to 10% toward credit-card purchases. Some smaller hotels and private tour companies may be cash only. You can usually get a cash advance from a MasterCard or Visa at Argentine banks and most ATMs.

Under limited circumstances, visitors may obtain refunds of the IVA; value-added tax on purchases of Argentine products upon their departure from the country. A ‘Tax Free’ window identifies merchants participating in this program. Keep your invoice and you can obtain refunds in Buenos Aires at Ezeiza, Aeroparque Jorge Newbery and the Buquebus terminal at Darsena Norte. Very high commissions are charged on traveller’s checks, they are also hard to cash almost anywhere and you will be better off not using them for travelling in Argentina.