This is a way to get them to spend with their credit cards, that is, through the official banking system. Since December of last year, the Argentine government has allowed tourists to access a special rate - which is set at around 475 pesos per dollar - to dissuade them from having to sell their dollars in the street. The price is similar for purchases made in the country with cards issued by foreign banks.

This week, the price for one dollar is 482 pesos, more than double the official rate.Īt the black market rate, the most expensive ticket to see Taylor Swift in Argentina costs half the official price: about $155. And these dollars can almost only be found on the street. The Argentines who manage to save - in an economy with inflation rate of more than 100% per year - do so in dollars. During the conversation, he explained how the use of the American dollar as a way to preserve the value of income has encouraged a de facto dollarization in the South American country. Then, I’ll tell you how much the country saves in dollars,” the economist Emiliano Libman analyzed a few weeks ago, in an interview with EL PAÍS. “Tell me how many Argentines have the capacity to save money. dollar is almost a fairy tale for the average citizen. However, the Central Bank’s official rate of 240 pesos per U.S. The official price ranges between 86,000 and 18,000 Argentine pesos, or between $75 and $360 at the official exchange rate. According to Bloomberg, the $1,500 resale price of a ticket to see her in Chicago is approximately the cost of the most expensive ticket for her shows in Argentina, including the price of a plane ticket to Buenos Aires.īuying a ticket to see Taylor Swift in Argentina is a master class on the turbulent national economy. The few remaining tickets to see her have sold for thousands of dollars. Swift, 33, kicked off her North American tour back in March. This ended in an investigation into Ticketmaster’s monopoly, one that united Democrats and Republicans in the Senate. Prices quickly escalated due to demand, along with the collapse of the company’s website. (the distribution company) sold out two million tickets in one day. In November 2022 - when the pre-sale of the first concert dates in the United States was launched - Ticketmaster Entertainment Inc. This new stage of her career began with a scandal that reached the American Congress. Taylor Swift returns to the stage after a five-year-long hiatus. At least, if you compare the prices to what is being paid in the United States to see one of the most popular singers in the world. With the power of the American dollar at the black market rate, the interest-free pay-by-installment option offered by the local bank chosen in the pre-sale, along with the devolution of the peso (when paid via credit cards issued by foreign banks), the tickets are a bargain. However, the visit of the American pop star has opened a new chapter in this drama. Meanwhile, the general sale that started on Tuesday has already taken on the tone of a fierce battle.ĭespite the economic crisis in the country, Argentines have gotten used to sold-out shows. The pre-sale for Swift’s concerts in Buenos Aires - scheduled for November 9 and 10 of this year - sold out this past Monday in less than an hour-and-a-half. Taylor Swift’s first Latin American tour has already begun to wreak havoc on the spirits of thousands of teenagers, and on the wallets of their parents. Taylor Swift during a concert in Rutherford, New Jersey, on May 26, 2023.

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