The Argentine authorities have introduced a new exchange rate for tourists that is significantly more favorable than the official one. Now, tourists using foreign currency cards can exchange money at a rate of 292 pesos per dollar, instead of the previous 157 pesos. This measure aims to reduce transactions on the "black market."
There is no single exchange rate in Argentina – the value of the peso varies depending on the type of transaction. The government segments the market, setting different rates for different operations. This is done to prevent devaluation and control price increases. However, such measures can contribute to fraud and illegal currency trading.