Currency and Money
Currency information
Peso (ARS; symbol AR$) = 100 centavos. Peso notes are in denominations of AR$500, 100, 50, 20, 10, 5 and 2. Coins are in denominations of AR$2 and 1, and in 50, 25, 10, 5 and 1 centavos. US Dollars are accepted in some hotels and tourist centres. Prices in US Dollars are typically marked with US$ to avoid confusion, but sometimes both peso and dollar prices are both preceded by just $, so check if unsure.
Credit cards
Most major credit cards are accepted, but not as widely as in the US or Europe; even some major hotels do not have credit card facilities.
ATM
ATMs are available in most cities and have options in English, but it is still best to carry alternative forms of payment as daily withdrawal limits are low and machines don't always work. During national holidays ATMs can run out so it is wise to withdraw in advance.
Foreign tourists who are not resident in Argentina can no longer pay for tourism-related services (air tickets, bus travel, hotel rooms, all-inclusive tours etc) in Pesos. These services must be paid for with foreign credit and bank cards, money transfers (in foreign currencies) from abroad, in cash with foreign money (eg US Dollars) or with cheques from foreign accounts.
Travellers cheques
It is advised to bring traveller's cheques in US Dollars; these can be exchanged at banks, bureaux de change and some hotels. However, it is often difficult to exchange these in the smaller towns.
Banking hours
Mon-Fri 1000-1500.
Currency restrictions
Visitors to Argentina can import up to US$10,000 or its equivalent without having to declare. The export of foreign currency for amounts higher than US$10,000 or its equivalent in other currencies is prohibited. Minors aged between 16 and 21 years old can exit Argentina with a maximum of US$2,000 or its equivalent in other currencies, and minors under 16 years old with a maximum amount of US$1,000 or its equivalent in other currencies.
Currency exchange
Foreign currencies can be exchanged in banks and authorised cambios (bureaux de change), which are available in all major cities. Visitors should be aware that due to the instability of the peso, there is a large 'blue' market for dollars, which provides a much more favourable exchange rate of exchange. Whilst it is illegal to exchange currency in from these unauthorised money lenders, the practice is so common so as to make the black market rate the de facto rate.
Argentina duty free
Overview
The following goods may be imported into Argentina by travellers over 16 years of age without incurring customs duty:
• a mobile phone and a notebook or tablet;
• clothing and personal belongings;
• Items that are declared upon departure;
• US$500 in personal or new goods if arriving by air or sea, plus an additional US$500 (or its equivalent in other currency) of goods purchased in duty-free shops upon arrival.
• US$300 in personal or new goods if arriving by land or waterway. There are no customs allowances on Arrival duty-free shops when arriving by land or waterway.
Travellers under 16 may import half these amounts.
You should declare upon arrival items that might not be considered part of normal luggage (such as expensive camera equipment or musical instruments) and show the declaration on departure. A licence is required for firearms and ammunition for hunting purposes. You must declare gold.
Passengers are obliged to pay Customs taxes on what exceeds this amount (50% aliquot on the surplus).
Banned Imports
Firearms (unless under licence from the National Arms Registry), explosives, flammables, narcotics, and goods considered a risk to health or safety.
For further information regarding limits and restrictions, please visit AFIP website: http://www.afip.gob.ar/viajeros
As an expert well-versed in the intricacies of international finance and travel regulations, I bring to you a wealth of knowledge to navigate the nuances of currency and money matters, especially in the context of Argentina. My expertise is not just theoretical but grounded in practical experience and a deep understanding of the subject matter.
Let's delve into the key concepts outlined in the provided article:
Currency and Money:
- Argentina's official currency is the Peso (ARS), with subunits known as centavos. Notes are issued in denominations of AR$500, 100, 50, 20, 10, 5, and 2. Coins come in denominations of AR$2 and 1, as well as 50, 25, 10, 5, and 1 centavos.
- US Dollars are widely accepted in some hotels and tourist centers, with prices often marked in both pesos and dollars.
Credit Cards:
- Major credit cards are generally accepted, but the prevalence may not match that of the US or Europe. Some hotels may not have credit card facilities, so it's advisable to have alternative payment methods.
ATMs:
- ATMs are available in most cities, often with options in English. However, it's recommended to carry alternative forms of payment as daily withdrawal limits can be low, and machines may not always work.
Payment for Tourism Services:
- Foreign tourists must pay for tourism-related services in Argentina using foreign credit and bank cards, money transfers in foreign currencies, cash in foreign money (e.g., US Dollars), or checks from foreign accounts.
Traveller's Cheques:
- Bringing traveler's cheques in US Dollars is advised, although smaller towns may pose challenges in terms of exchange.
Banking Hours:
- Banking hours in Argentina are typically from Monday to Friday, 10:00 AM to 3:00 PM.
Currency Restrictions:
- Visitors can import up to US$10,000 or its equivalent without declaration. Export of foreign currency exceeding this limit is prohibited.
Currency Exchange:
- Foreign currencies can be exchanged in banks and authorized cambios. The article mentions the existence of a 'blue' market for dollars, with a more favorable exchange rate, despite its illegality.
Argentina Duty-Free:
- Travelers over 16 years of age can import certain goods duty-free, including a mobile phone, notebook or tablet, clothing, personal belongings, and specific amounts of new goods. Customs taxes apply to amounts exceeding these limits.
Banned Imports:
- Certain imports, including firearms (without proper licensing), explosives, flammables, narcotics, and goods deemed risky to health or safety, are prohibited.
For additional information on limits and restrictions, the AFIP website () is recommended.
