Argentina Allows Dollar and Peso Pricing: A Dual-Currency Economy Emerges
Argentina’s Economy Ministry has lifted the ban on businesses displaying prices in U.S. dollars alongside peso prices, allowing for flexible exchange rate conversions. Simultaneously, the Central Bank announced that Argentinian debit cards will facilitate payments in both dollars and pesos, bypassing peso conversion for domestic transactions. This dual-currency system, slated for implementation by April 1st, will initially be adopted by select businesses before wider implementation. The changes aim to integrate the dollar more fully into the Argentine economy, though credit cards remain excluded from the immediate changes.
John Q. Hosedrinker