Money in Argentina

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DOB
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Money in Argentina

Post by DOB »

Coworker is leaving for Buenos Aires tomorrow, and all the exchange places are letting him down. He’s likely going to land in Argentina with no local cash.
A) is this a bad thing?
B) can he just use credit cards everywhere?
C) can he just use US dollars everywhere?
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Gavin Duffy
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Re: Money in Argentina

Post by Gavin Duffy »

They have crazy inflation tbf.
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DOB
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Re: Money in Argentina

Post by DOB »

Gavin Duffy wrote:They have crazy inflation tbf.
Thats one concern obviously. He only booked a few weeks ago and it’s changed a lot even in that time. I’ve told him I’d think the locals would happily take his greenbacks off him as it’s probably a good investment for them.
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HKCJ
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Re: Money in Argentina

Post by HKCJ »

The cash machines when we were there just over a year ago charge a crazy commission.. something like 8%!!!
Spyglass
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Re: Money in Argentina

Post by Spyglass »

I was in BA for 3 days last year and just used my credit card, didn’t take/need any cash
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JB1981
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Re: Money in Argentina

Post by JB1981 »

We got money out at the airport on arrival and then largely used credit cards. There are plenty of ATMs for when you need to top up on actual cash.
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DOB
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Re: Money in Argentina

Post by DOB »

Cheers for the replies, lads, I was able to put his mind at rest a bit before he left.
frainc
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Re: Money in Argentina

Post by frainc »

Go to BA frequently.
Credit card companies charge close to 18% so very few places take credit cards.

ATMs allow a Max of 80 Euro and charge between 8 and 14%.
Bring cash. Either USD or Euros and change it in one of the hundreds of change houses. Official and unofficial (where you get a better rate - walking down Florida you will hear people going cambio cambio cambio).
iarmhiman
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Re: Money in Argentina

Post by iarmhiman »

Bring Dollars or Euros, then exchange it at a cambio where he'll get a better rate.
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Anonymous 1
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Re: Money in Argentina

Post by Anonymous 1 »

Spyglass wrote:I was in BA for 3 days last year and just used my credit card, didn’t take/need any cash
isn't this the winner
iarmhiman
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Re: Money in Argentina

Post by iarmhiman »

Anonymous. wrote:
Spyglass wrote:I was in BA for 3 days last year and just used my credit card, didn’t take/need any cash
isn't this the winner
Would have got screwed on the rate.
ruckinhell
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Re: Money in Argentina

Post by ruckinhell »

Cash is king in Argentina, especially foreign cash. You'll get raped on FX rates using a card, plus commissions are daft. Bring euros or USD and change in the cuevas around Calle Florida.
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