Argentina’s Neighbors Flood Borders for Cheap Ski, Shops, Steaks
- Visits from Chileans to Argentina in May more than tripled
- Huge gap between exchange rates is making Argentina a bargain
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Travelers are flooding Argentina by air, land and sea from its neighboring countries to take advantage of a currency crisis making everything from ski trips to steak lunches a massive bargain compared to prices at home.
Chileans have crossed the Andes in droves to go wild at supermarkets, forcing some wholesalers in Argentina’s wine capital, Mendoza, to set hours for foreigners to make purchases. Even Uruguay’s Finance Minister Azucena Arbeleche recently acknowledged the government is losing sales tax revenue to citizens who are shopping across the border.