Strange currency on websites Argentina

Strange currency on websites Argentina - Woman Sorting ReceiptsĀ at the Desk at Home

I checked prices on some sites and have feeling of strong misunderstanding: according to Wikw the currency os peso, but prices are in '$'. Moreover, the price seems to be unreasonably high, please see screenshot.

screenshot

From my standpoint, almost USD 12k is weird (you can buy used big 4WD in Europe within 2K or less), so I believe I just misunderstand something.

Could you please explain how much it really costs (in USD or EUR) and why such a way to display prices?

p.s. tried to compare how it'll be cheaper to travel across SA: by public transport or buy something like that.



Best Answer

You will probably find that higher-value items (e.g. real estate) are priced in US dollars in Argentina. These will be marked as US$ as the dollar sign on its own means Argentine Pesos (currency code ARS).




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What type of currency does Argentina use?

The ARS (Argentine peso) is the country's official currency that began circulation in 1992, shortly after the country plunged into an economic depression. In the early 2000s, the Argentine government took steps to peg the exchange rate at around 3 pesos to 1 U.S. dollar.

Is Argentine peso pegged?

The Argentine Peso (ARS) is the currency unit for Argentina. The Peso symbol is the same as the dollar sign ($). The Peso is subdivided into centavos; 1 Peso = 100 centavos.

How do you read Ars currency?

$ARS



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