State Bonds
Due to the economic crisis that the country is going through, the province of Buenos Aires has issued state bonds (to pay city and state workers) that work just like pesos but are not accepted in every store.
They are known as "Patacones" or "LeCop" and have the same value as pesos, but again, they are not widely accepted. Our recommendation is that you DO NOT accept any type of bonds. If you pay with pesos you should get change back in pesos. Just make sure the word "pesos" is on the bill.
Cash Machines or ATM's
Cash machines are used by everybody and there are plenty around the city. Every bank has cash machines linked to international networks such as a Cirrus, Plus, MasterCard, Visa, Maestro, Citibank and others. Simply look for the companies' logos on bank windows and in cash machine booths.
Travelers Checks
Very few stores accept travelers checks, so the fastest way to cash them is to go to banks or travel agents. -
Money Exchange
The best option for exchanging money is a bank (banking hours are 10am to 3pm). There are also many Currency Exchange Bureaus and most hotels exchange money as well. In certain areas of the city it is common to see people on the streets offering money exchange at better rates, but even if it seems tempting, DO NOT ACCEPT, most are fakes.
Some businesses and hotels accept dollar bills and usually don't have problems giving change back in pesos, but the rate is always lower than banks.
Remember: Do not accept state bonds.
Credit Cards
Most businesses, stores, restaurants and bars accept credit cards, but due to the bad economy and inflation it is possible that there is a 15 to 20% surcharge for credit cards payments. We suggest that, before paying with a credit card, you ask and confirm if you will get surcharged. Visa, MasterCard, American Express and Diners Club are the most widely accepted.
Suggestions
Avoid carrying a lot of cash. Do not take your cash out in public (mostly in tourist areas). In case you need to carry a lot of cash, take it in different pockets or share pockets with your friends. If you need to make a payment of a high amount, avoid doing so in cash, use credit cards or traveler's checks. Do not accept bills other than those shown on this page.
|