DO NOT STAY AT THIS HOTEL if you intend to pay with a foreign credit card, especially if you have booked via ***********. This hotel is using a convoluted exchange rate scam that will convert your agreed room rate, published in US$ using the ‘tourist dollar’ rate into AR$, your card provider will convert this back to your home currency using the bank rate which, at the time I travelled, was nearly 3 times lower. This tourist rate was designed to deter tourists from using the unregulated ‘blue market’ exchange rate but still give them a beneficial rate, higher than the bank rate. The aim is to encourage tourism back to Argentina and help to boost the struggling economy. Some hotels are wrongly using this scheme to their own advantage, resulting in room charges of approaching 3 times the published and agreed rate. They will claim that credit card payments will be refunded 50% within a few days… this is simply not true. If you are paying in cash or have an Argentinian credit card you will be unaffected.
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