I'm headed to Argentina on Wednesday, and so was doing some preparatory reading today. I think this guide may be a little out of date:
Currency
"The official Argentine currency is the Peso which is on a par with the US dollar and fluctuates with it. There are notes of 2, 5, 10, 20, 50 and 100 pesos and coins of 1, 2 and 5 pesos, and 1, 5, 10, 25 and 50 centavos.
$1US = 1.00 PESO"
Please note:
"After much deliberation, Duhalde abandoned in January 2002 the fixed 1-to-1 peso-dollar parity that had been in place for ten years. In a matter of days, the peso lost a large part of its value in the unregulated market. A provisional "official" exchange rate was set at 1.4 pesos per dollar."
I cannot wait to see how President de la Rua is doing.
1 comment:
Have a great time. It may be, however, that the guide is not as far out of date as you seem to think. By Wednesday it may be that one to one ratio looks not bad- given the shape of our economy. We may be tomorrow's peso or (in the "olden days") Italian lira by Wednesday
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