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Facts
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- People in Argentina
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- ECONOMY
- Argentina - Infrastructure, power, and communications
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Money
The Argentine peso is the unit of currency, and is made up of 100 centavos. Most cities and large towns have places where one can exchange currency, and up-to-date exchange rates are printed daily in the newspapers. The US$ is the easiest foreign currency to exchange, but the Euro or Sterling should pose little trouble. Travelers’ checks, while being easier to lose and steal, will get you a better exchange rate and lower commission, however, it is difficult to find a place to exchange them outside of Buenos Aires, so if you are traveling outside of the capital, it is advisable to exchange them before you do so. The most effective way to procure cash is via an ATM, as they offer the most up to date exchange rate possible and are readily available in most places, the only downside is that you will most likely be charged by whichever ATM you use in addition to whatever your bank charges. Credit cards should be used primarily to withdraw money from ATMs, as charging them will attract both a large service charge (up to 8% of the purchase cost) and unwanted attention. If possible, you should leave your card safely locked in your hotel unless you plan on withdrawing money. Tipping is practiced in Argentina, and it is expected that customers tip an average of 10% in restaurants and whatever leftover change you might have when you pay for a taxi.