Latin America · GDP rank #23
Argentina
AR · ARS @ 0.0007140/USD
Two years into Milei-era reform, inflation has fallen from 211% (Dec 2023) to roughly 32% YoY (Apr 2026), the parallel-FX premium has collapsed, and the payments landscape is a three-way contest between Mercado Pago's incumbency, MODO's bank consortium, and a USD-stablecoin retail economy that has reached the second-largest per-capita base globally.
Tab 05
Cross-border
Inbound and outbound remittance corridors, tourism flows, FX markup on retail cross-border, and the country's posture on stablecoin adoption. Corridor figures come from the World Bank RPW feed or the publishing central bank; both are cited when they disagree.
Remittance inflows
USD · 2024
Remittance outflows
USD · 2024
Inbound tourism spend
USD · 2024
Outbound tourism spend
USD · 2024
Avg. corridor cost
% · Q4 2024
Net receiver
Top inbound corridors
- SpainUS$280M
via MTO
- United StatesUS$240M
via MTO
Top outbound corridors
- ParaguayUS$120M
via MTO
- BoliviaUS$90M
via MTO
Cross-border card
Card flow leaving and arriving
Cards issued domestically and used abroad reflect outbound consumer travel and cross-border e-commerce; volume acquired from abroad reflects inbound tourism and foreign online shoppers.
Issued volume spent abroad
USD/year · 2024
Acquired volume from abroad
USD/year · 2024
FX cost
What consumers pay above the interbank
Retail FX markup is the spread between the mid-market rate and the rate the consumer receives — the single largest friction point in small-ticket cross-border.
- FX regime
- managed-float
- Reference
- Managed float with crawling-peg element and ongoing capital-control unwind
Source · BCRA
Full reference
Remittances
Net Position: receiver
Source: