Money - Currency

The currency of Argentina is the Nuevo Peso (AP).The Nuevo Peso (AP) comes in coin denominations of AP20, 10, and 1 and 50 centavos; and banknotes of AP1, 5, 10, 20, 50, and 100. Traveler's Checks & Credit Cards

Traveler's checks and currency can be exchanged at banks, exchange shops (cambios), and hotels, as well as at both Buenos Aires airports. Cash, especially U.S. dollars, commands a better exchange rate and lower fee than traveler's checks.

Cashing traveler's checks can require commissions as high as 10 percent, but can be avoided by cashing at American Express or Thomas Cook outlets. Cash is also available at automated teller machines (ATM), in larger cities. American Express, Visa, Diner's Club, and MasterCard are accepted in most up-market places in main cities. While the best exchange rate will be given for ATM and credit card transactions, retailers may add as much as a 20 percent surcharge for credit card payments. Small shops in cities and any rural transactions will require cash.