# Argentina’s exchange rate for tourists is now better than for locals - Rest of World

> Argentina has introduced a preferential exchange rate for foreign bank card holders, so international visitors can convert dollars into pesos at better terms than locals. Argentines receive a much weaker rate for the same amount. The measure is part of the government's effort to attract dollars amid inflation and peso devaluation.

- Date: 2023-06-12 · published 2023-06-12T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/35779-argentina-s-exchange-rate-for-tourists-is-now-better-than-for-locals-rest-of
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The dual exchange-rate system reflects ongoing dollar scarcity that can disrupt import and export payments for agricultural trade. It has limited direct effect on feed commodity prices.

## Sources

- restofworld.org: https://restofworld.org/2023/argentina-exchange-rate-tourists-digital-nomads/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.