# Argentina Doubles Peso (ARS)/Dollar (USD) Rate for Tourists - Bloomberg

> The Argentine government allowed Mastercard and Visa to offer tourists an exchange rate that nearly doubles their purchasing power. The move aims to attract tourism dollars as inflation approaches 100% and the largest peso note is worth about $3. Visitors have historically obtained better rates on the black market.

- Date: 2022-12-21 · published 2022-12-21T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/38507-argentina-doubles-peso-ars-dollar-usd-rate-for-tourists-bloomberg
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The scheme increases dollar inflows through official channels but does not change export flows or feed commodity balances, so the price impact on feed is minimal.

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-12-21/argentina-doubles-peso-ars-dollar-usd-rate-for-tourists

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