Due to the exchange rate gap, a deficit of $7 bn in tourism predicted for 2021

The return of international tourism will increase the dollar deficit. Analysts predict that the new normality will leave a deficit of $7 billion that will aggravate the problem of foreign currency shortage. The shortfall will expand in two ways. On the one hand, due to the effect of the gap, the “dollar card” will be cheaper than the “dollar bill”, since Argentineans who manage to travel abroad will prioritize card spending before cash payments. On the other hand, foreigners arriving in the country will be more convenient to sell the dollars in the blue than to pay by legal means. In the informal sector, they would receive 163 pesos per dollar and in the exchange houses, 75 pesos per dollar.

Source: Clarín