The call dollar card that Argentine tourists use in the Uruguay As of this Monday, its value has been reduced by 30% as a result of the elimination of the COUNTRY taxdecided by the government of Javier Milei.
The decision to remove the Tax for an Inclusive and Solidarity Argentinaafter five years of validity, implies that operations abroad with foreign currency for Argentine citizens will be at a lower value than until now, of around 1,300 Argentine pesos (official dollar plus 30% of receipt of Goods or Profits) .
With its completion, announced in September by the Minister of Economy Luis Caputothe surcharges applied to the card dollar are reduced by 30 points, which, however, will continue to be the most expensive exchange rate on the market in Argentina. Taking into account Friday’s price, it would be around 1,300 Argentine pesos.
The increase in cost of Argentina –the price gap with Uruguay is the lower in six and a half years with 21.7%– has been key to the return of Argentine tourists to the country, with a strong movement since October and an excellent level of reservations for the summer, especially in beach resorts. Maldonado and Rocha.
The tourism monitor presented by Ceres and the Chamber of Tourism (Camtur) this week projected an increase in Argentines during the summer season, with a total increase in non-resident visitors of 10% compared to last summer.
However, a key factor in determining the level of the season is not only the number of visitors, but also the volume of bills that they do.
For this, factors such as price stability in Uruguay and greater ease of spending for tourists, which many operators hope will happen with the reduction of the dollar card in Argentina.
The latest data from Ministry of Tourism They correspond to the second quarter of the year and showed that Argentines led the list of visitors with 267,661 visitors between April and July.
An interesting fact is that, although there was less income from Argentines -274,847 between April and July 2023-, the expenditure was higher than the $100,335,499 then. Even with a higher exchange rate and moderate inflation in local prices.
Source: Ambito
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