Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. This documentary-style series follows investigative journalists as they uncover the truth
Credit-Market Rebound Leaves Korea’s Weaker Firms Lagging Behind
South Korean Equities Eye Worst Year Since 2008 on Chip, Entertainment Stocks
Brazil Analysts See Higher Inflation, Benchmark Rate in 2023
Reducing Core Inflation Key to Easing Prices, India Rate-Setter Says
BOJ’s Kuroda Emphasizes December Policy Tweaks Are Not Exit
Major League Soccer Executive Kevin Payne Dies at 69
Southwest Air Faces Gridlock With Over 80% of Flights Scrapped or Late
Apple Faces $98 Million Hit on Back Taxes in Japan, Nikkei Says
Iran Compels Jet to Land, Removes Family of Football Icon Ali Daei
China to End Quarantines for Inbound Travelers as ‘Covid Zero’ Dismantled
Broncos Fire Rookie Head Coach Hackett After 4-11 Start
Jets’ White Cleared By Docs, Will Start At QB on Sunday
A Look at the Gold Rush to Become the New Twitter
SBF and Crypto Are Going Through Some Things
Don’t Turn Your Hobby Into a Side Hustle
The Chatbots Are Coming for Google
Banks Open Data-Protection Vault to Other Financial Businesses
Drugmakers Are Testing Ways to Stop Alzheimer’s Before It Starts
Kurds Hold Silent March After Paris Shooting Kills Three
Aid Groups Stop Afghan Operations as Taliban Ban Women NGO Staff
Southwest Air Faces Gridlock With Over 80% of Flights Scrapped or Late
Heavy Snow in Japan Leaves 17 Dead, Dozens Injured
Bring Back the Christmas Monorails
Building a Retirement Home for NYC Carriage Horses
These Are the Best Video Games for Wannabe Urban Planners
Argentina’s central bank has allowed credit card companies to give tourists an exchange rate that’s about twice the official one.
Patrick Gillespie
Subscriber Benefit
Subscribe
Sign In
In a bid to boost tourism dollars in Argentina, the government has allowed MasterCard Inc. and Visa Inc. to start offering travelers an exchange rate that nearly doubles their purchasing power.
Visitors to Argentina have historically been able to get much better exchange rates by swapping dollars for pesos on the black market. But paying with cash has become cumbersome because the government’s largest denomination bill of 1,000 pesos is worth about $3. That, coupled with inflation galloping toward 100%, has left tourists using wads of pesos for everyday purchases.
Argentina Doubles Peso (ARS)/Dollar (USD) Rate for Tourists – Bloomberg
