Argentina - Money & Costs
Money & Costs in ArgentinaCurrency: Argentinian Nuevo Peso
Until recently, Argentina was an expensive country to visit - so expensive that Argentines were in the habit of taking their holidays in 'cheap' countries, like the USA, Brazil and Uruguay. The economic policy that pegged the peso one-to-one to the US dollar kept prices high but inflation under control.
The recent devaluation of the peso means that all bets are off. At present, the peso has shrunk to about half the value of the US dollar, and it's anyone's guess as to how much further it may drop when banking restrictions are eased. Travellers may discover that two-tiered price structures - one price for Argentine nationals, and a second, higher price for foreigners - have been adopted in some industries. In general, however, Argentina is far less expensive for foreign travellers than once it was.
Visa and MasterCard are the most widely accepted credit cards. Tipping around 10% is customary in restaurants. Bargaining is uncommon, except in the artisan markets of the Andean northwest.