Make Payments and Receive Payments in ARS - Argentine Peso
Pay in Argentine Pesos (ARS)
Mondial Change allows you to make international payments in ARS (Argentine Peso) with ease. Manage your Argentine Peso beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not apply an exchange commission on your ARS operations (a spread is applied to the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your client rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in ARS (Argentine Peso)
Mondial Change allows you to receive payments in Argentine Peso (ARS). The receipt of payments in ARS is done through a pool account held by one of our partners. This ARS account is made available to you free of charge. It allows you to receive payments in ARS from your clients or subsidiaries. Once the funds are received in the pool account, they are reconciled in our partner's books and credited to your Argentine Peso (ARS) balance. These funds can be reused to make payments in ARS or they can be converted into EUR or any other currency of your choice and repatriated to your bank account.
Do you want to hedge your exchange risk on the Argentine Peso (ARS)? Check our dedicated page for ARS currency hedging
Mondial Change Answers All Your Questions on Payments in Argentine Pesos (ARS)
What is the timeframe for an ARS payment to be credited to the beneficiary's account?
It generally takes between 1 and 2 business days for an Argentine Peso transfer to be credited to the beneficiary's account. However, these timeframes are not contractual, and our partners responsible for the execution and routing of payments cannot be held liable if ARS payments are credited beyond 2 business days to the beneficiary's account.
What are the fees for a payment in Argentine Peso (ARS)?
The fees applied to transfers in Argentine Peso (ARS) generally range from 0 to 10 euros depending on the agreement made with Mondial Change's trading room. The rate mainly depends on your annual ARS exchange volume and the number of Argentine Peso payments made during the year.
Are there minimum or maximum amounts for payments in Argentine Peso (ARS)?
Mondial Change and its partners verify that your Argentine Peso flows are consistent with the data declared during account opening and consistent with your activity volume to ensure compliance and security. If there are restrictions on transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing a payment in Argentine Peso (ARS)?
For ARS payments via the SWIFT network, you only need to provide the following information:
• Full name of the beneficiary
• Local account number (CBU or CBU alias)
• Reason for payment
Is it possible to modify a payment in Argentine Peso (ARS) after it has been executed?
Yes, it is possible with some of our partners to modify a payment in Argentine Peso (ARS) even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment has not been executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
Is the Argentine Peso (ARS) account provided to you a bank account and is it nominative?
The Argentine Peso (ARS) account for which we provide you the details is a bank account opened in the name of one of our partners. It is a pool account where all ARS transfers are received. The reconciliation of funds on your ARS balance is generally done with the reference of your client account. You have a guarantee of segregation of your funds in our partners' books.
Is it possible to hold Argentine Pesos (ARS) in the ARS account provided to you?
You can use this Argentine Peso (ARS) account to receive Argentine Pesos. The currencies will then be credited to your ARS balance opened in our partner's books. The funds can then be reused to issue payments in Argentine Peso or be converted into other currencies.
What are the holidays when payments in Argentine Peso (ARS) cannot be executed?
January 1st: New Year's Day (Año Nuevo)
Variable date: Carnival (Lunes y Martes de Carnaval)
March 24th: National Day of Memory for Truth and Justice (Día de la Memoria por la Verdad y la Justicia)
Variable date: Good Friday (Viernes Santo)
April 2nd: Veterans and Fallen of the Malvinas War Day (Día del Veterano y de los Caídos en la Guerra de Malvinas)
May 1st: Labor Day (Día del Trabajador)
May 25th: May Revolution Day (Día de la Revolución de Mayo)
June 20th: Flag Day (Día de la Bandera)
July 9th: Independence Day (Día de la Independencia)
Variable date: Death of General José de San Martín (Paso a la Inmortalidad del General José de San Martín)
October 12th: Day of Respect for Cultural Diversity (Día del Respeto a la Diversidad Cultural)
Variable date: National Sovereignty Day (Día de la Soberanía Nacional)
December 8th: Immaculate Conception (Inmaculada Concepción de María)
December 25th: Christmas (Navidad)
History of the Argentine Peso
The Argentine Peso (ARS) is the official currency of Argentina. Introduced in the 19th century, it has undergone several reforms, the most recent being in 1992. It is subdivided into 100 centavos. Due to the country's chronic economic instability, the peso is regularly at the center of economic concerns. It is issued by the Central Bank of the Argentine Republic and remains essential in national transactions and for foreign investors operating in Argentina.
Monetary Policy of the Argentine Peso
The Central Bank of the Argentine Republic (BCRA) is responsible for monetary policy. Its objective is to contain inflation and stabilize the national currency. Facing recurring economic challenges, the BCRA adjusts interest rates and intervenes in the markets to support the peso. It also applies exchange restrictions to limit capital flight, in a context of high inflation and pressure on foreign currency reserves.
Characteristics of the Argentine Peso
The Argentine Peso (ARS) is subject to a strict exchange control regime, which limits its international convertibility. Several exchange rates coexist (official, MEP, blue, etc.), making financial operations more complex. Due to high and persistent inflation, the peso quickly loses its value, prompting Argentines and businesses to turn to the US dollar as a safe haven. Despite this, the peso remains the only legal tender for internal transactions in Argentina.