The Argentine Peso Has Depreciated Significantly During the Late 20th Century
The Peso poses as Argentina’s currency. It’s broken down into 100 centavos. The abbreviation for its official code is ARS. In 1826, two peso-denominated paper money issues were launched: the peso fuerte and the peso moneda corriente. In 1881, the paper peso moneda nacional replaced the devalued peso moneda corriente. The Argentine peso has depreciated significantly during the late 20th century, reaching a year-on-year inflation rate of nearly 51% in 2022. Peso can be used as an online payment method with Argentine peso online casinos, meaning that through it, you can make payments and deposit funds, including those at top casinos online.
Thе gоvеrnіng bоdіеѕ оf thе рrоvіnсеѕ іn Аrgеntіnе rеgulаte brісk-аnd-mоrtаr саѕіnоѕ іn thе соuntry, as well as online casinos. Overall, Argentine gambling enthusiasts face no legal risk when betting on online operators on their favorite games: slots, card games like truco, escoba, poker, blackjack. When you play at the best ARS casinos, you don’t have to pay taxes for your winnings unless they are based on some form of employment or payment expectations. This means that online gambling in Argentina is completely legal.
Making Deposits and Withdrawals with Credit Cards at ARS Casinos Won’t Perform
Local currency casinos are often thought to provide a less favorable gambling experience than those that accept EUR and USD. Casinos in Argentine pesos will demonstrate the opposite. Any online casino in Argentina should accept ARS as a payment method. Technically, there’s no sense in exchanging your ARS for any other worldwide currency because most transactions are handled by payment operators who execute your deposits and withdrawals. As for deposits and withdrawals at online ARS casinos, the VISA online casino heyday is ended, especially in a country with such a loosely regulated market as Argentina. Online casinos that take American Express and MasterCard won’t perform here as well as local casinos. Why? According to statistics, 70% of the population in Latin and Central America, let alone online casino Argentine pesos gamblers, has no credit cards.
Let’s have a look at what the most well-known non-mainstream payment gateways have to offer at ARS casino sites:
- Deposits to the DineroMail casino can be made in a variety of ways. This platform’s Argentine peso online casino will accept cash, credit card, bank transfer, and e-wallet deposits. However, a serious flaw is that an ARS casino powered by DineroMail is unable to process withdrawals.
- Since 2016, the popularity of AstroPay online casinos has soared in Argentina. This was the year when the local government imposed a 2% fee on all bets made at internet casinos accepting Argentine pesos. Because the tax is intended to be deducted from those who use credit or debit cards to conduct their casino ARS transactions, local players began to look for other ways to gamble for real money. Thankfully, AstroPay came to the rescue! It has designed a virtual debit card system that may be funded using any convenient means.