Argentina adds another exchange rate — aimed for tourists

BUENOS AIRES, Argentina — In recent years, a moment often came when a visitor to Argentina suddenly grasped they could have gotten a lot more bang for their bucks if only they had brought cash to buy pesos on the unofficial market.

A dollar sometimes would buy twice as many pesos in informal cash trading as the amount in pesos it would get in purchases using a credit or debit card covered by the official exchange rate. That should, at least in theory, be a thing of the past as of Friday.