The government has increased the taxes that apply to the dólar tarjeta (card dollar) exchange rate, bringing it to AR$950 to the dollar. The card dollar is the exchange rate applied to purchases made with Argentine credit or debit cards abroad. This means the card dollar will now incur a 155% tax on the value of the official dollar, which closed at AR$375 on Wednesday. Thus, the card dollar is now valued at around AR$950 this Thursday, amid the presidential transition process. That means the card dollar rate will be adjusted in line with that policy.

Source: Bueno Aires Herald November 23, 2023 17:11 UTC