Travel Reference
In-Depth Information
ATMs
(cajeros automáticos)
are everywhere in BA and the handiest way to get money. ATMs dispense
only
Argentine pesos (not US dollars, despite what the screen says) and can be used for cash advances on major
credit cards. There's often an English-translation option if you don't read Spanish.
There may be limits per withdrawal, but you may be able to withdraw several times per day - just beware
of per-transaction fees. To avoid having a fistful of large-denomination bills, withdraw odd amounts like
990 pesos.
Also, a small fee is charged on ATM transactions by the
local
bank (not including charges by your home
bank, which are extra). Note that this is a
per transaction
fee, so consider taking out your maximum allowed
limit - if you feel safe doing so.
Cash
Notes come in denominations of two, five, 10, 20, 50 and 100 pesos. One peso equals 100 centavos; coins
come in denominations of five, 10, 25 and 50 centavos, as well as one and two pesos. The $ sign in front of
a price is usually used to signify pesos.
Don't be dismayed if you receive dirty and hopelessly tattered banknotes; they will still be accepted
everywhere. Some banks refuse worn or defaced US dollars, however, so make sure you arrive in Buenos
Aires with pristine bills.
Counterfeiting of both local and US bills has become something of a problem in recent years, and mer-
chants are very careful when accepting large denominations. You should be, too; look for a clear watermark
or running thread on the largest bills, and be especially careful when receiving change in dark nightclubs or
taxis. For photos, check
www.landingpadba.com/ba-basics-counterfeit-money
.
Getting change from large denominations can be a problem for small purchases. Large supermarkets and
restaurants are your best bet. Always keep a stash of change with you, in both small bills and coins.
US dollars are accepted by many tourist-oriented businesses.
Credit Cards
Many tourist services, larger stores, hotels and restaurants take credit cards such as Visa and MasterCard, es-
pecially for big purchases. Be aware, however, that some businesses add a
recargo
(surcharge) of up to 10%
to credit-card purchases; ask ahead of time. Some lower-end hotels and private businesses will not accept
credit cards, and tips can't usually be added to credit-card bills at restaurants. Many places will give you a
small discount if you pay in cash, rather than use a credit card.
The following local representatives can help you replace lost or stolen cards:
American Express
(
4310-3000)
MasterCard
(
0800-444-5220)
Visa
(
4379-3400)
