FACTS ON ARGENTINA
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.