With changes and new measures to inhibit the Argentine government's parallel exchange rate, tourists have the flexibility of currencies such as the traveler's dollar, which they can now exchange for the so-called “blue dollars” – this “dollar” is a kind of exchange, quotation, which is most closely compared to the then parallel market, and which equates to the official value, in short, the parallel exchange market in Argentina, was until then very advantageous for tourists of that country, given the low exchange rate in the conversion currency, which consequently left more national money for tourists.
- Most advantageous quote
- More money to spend
- Ease of exchange
At the beginning of this month of July, the dollar in its parallel quotation in Argentina, priced that 1 dollar was equivalent to 336 pesos, already at the official exchange rate, 130 pesos (almost 200% difference in the rate). With this new measure, the attempt is to leave the quotation equivalent, therefore, the “blue dollar” has a limitation for tourists of US$5,000 dollars.
The main Argentine newspaper, Clarín, disclosed that the exchange rate will be the same as the financial market (MEP), a kind of stock exchange for the dollar. Those who are visiting this country will be able to carry out the exchange at exchange offices authorized by the Central Bank, just presenting a passport and/or legal entry document in the country.
Western Union
As for the Western Union remittance, it presented advantages, also after the changes, recently, the company released the payment of the Argentine exchange via Pix, this has definitely won over Brazilians who are walking in Argentina. The conversion of the exchange rate by the multinational has proved to be very advantageous: each real is equivalent to 56 pesos.
Western Union is a global company that provides financial services, created in 1951 in New York, known mainly in countries that have many immigrants, as they receive and or send financial remittances abroad.
In Brazil, Western Union still has a discreet presence, as it is considered a country with a low number of immigrants, very different from the US and Mexico.
Ricardo Amaral, president of Western Union in Brazil, told us that the multinational's presence in Argentina is very strong.
It has at least 5,000 service establishments spread throughout Argentina, whether for local exchange, money transfer, as well as bill payment.
increase in tourism
With this new strategy by the Argentine government, there will be a strong tendency to curb the outflow of dollars from the country, consequently containing the devaluation of the peso.
- Best exchange rate + tourists
- Tourism incentive
- opening of borders
Tourism in Argentina has been the counterpoint of the balance of the country's economy, which has been going through a long financial crisis, showing significant growth, according to tourism agencies, visitors spent around US1TP4Q1.4 billion dollars in the country.
In this slice, a good part are Brazilians, who, with the reopening of post-pandemic borders in 2021, have often chosen to travel to Argentina. With the new measure that allows the purchase of dollars in parallel exchange, which puts more local money in the tourist's pocket, an increase in tourist visits to the country of our brothers is being predicted.
Do you know Argentina? Do you feel like going?
