The exchange rate appreciation generated that, for Argentine tourists, it is cheaper to travel abroad than to make consumption in local currency within the country.
Credit card expenses in January during January The highest measurement for that month in more than 15 years when closing at US $ 1,109 million. It should be noted that this data It does not include virtual wallets or debit card.
Thus, he explained it to Scopedays ago, the financial analyst Christian Buteer: “People go on vacation, and as there is a backward dollar, that drives tourism abroad, then the demand on dollars is extended. I believe that consumption in dollars does affect reserves“
In this regard, he explained how this situation overheats the quote of the financial ones and therefore harms the BCRA. “If you have a higher card dollar than the Blue or that the MEP dollar, you can not pay your expenses in dollars, but use the MEP dollar,” he explained. This same situation is repeated for those who use applications, which make the real conversion.
In turn, Andrés Reschini de F2 Financial Solutions He had coincided with the analysis of what happened in January: “Tourism is deficient in terms of foreign exchange contribution and that deficit has been growing. With the exchange rate appreciation it is likely to continue doing it and has an impact on reserves both when the BCRA Sells currencies in the officer to meet the demand as when the financial FX intervenes to meet the demand for tourism payment via MEP “.
Record in card consumption in dollars
image.png
“Credit card spending in dollars in January 2025 was the highest of the last energies in more than 15 years when closing at US $ 1,109 million. This fact does not include virtual wallets or debit card, “Buteler described, on this day and expanded:” If we add it to the data that GDP per capita has been falling years ago, that in 2024 we had a recession and that the weight had a strong revaluation, I think It is another sign of the exchange delay that we are living“
In turn, the economist Amilcar Collanteagreed: “With the data closed January 2025, it marked a record of consumption with a dollar card.” And said that it is expected that the exchange balance reflect net expenses for consumption with cards for US $ 1,100/1.2 billion.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
