Updated August 5, 2016
Unfortunately, counterfeit money is relatively common in Argentina. The most common places to receive fake bills are taxis and night clubs or bars. It is unlikely that an ATM, hotel, restaurant or store front of any kind will pass on counterfeit bills.
Where might you run into a fake bill?
The most common place to be handed a fake bill as a traveler is in a taxi. This is largely because riders are often in a rush, have difficulties communicating, or because at nighttime it’s difficult to inspect currency effectively. Try to avoid this situation entirely by using a bill that is close to the total fare. Taxi drivers do not like to break big bills, so they will be happy to see payment that requires minimum change.
Tip: When withdrawing money from an ATM, request amounts that end in 80 or 90 in order to get smaller bills (example: $290 or $380)
The bill “switcheroo” technique has also become the common scam. The passenger will hand the driver a $50 or a $100 to pay the cab fare. The driver quickly switches the bill with a counterfeit and hands it back to the passenger claiming it is fake (or in some cases they will switch it with a smaller bill and suggest that you made an error EX: You give a 50, they show you a 5 and suggest you are mistaken and you attempted to pay with a 5 instead of a 50).
Tip: To avoid this scam bend a corner or mark the bill you have before paying. Alternatively pay close attention, lean forward, say the amount you are handing over and watch the transaction. Either preventive technique should help you steer clear.
Feel free to read up on the more common taxi scams in Buenos Aires to help you prevent them from happening.
Bars and night clubs have low lighting and are full of buzzed clientele. The unsuspecting drinker can easily be passed fake bills as change if they are not paying attention. Be aware of all transactions in this city.
Please keep in mind that everyone in Buenos Aires is not out to get you. It only takes a few bad apples to spoil the reputations of cab drivers and nightclubs/bars. Simply paying attention and using good judgment will keep you out of harm’s way in Buenos Aires.
How to spot a counterfeit bill:
The number 1 easiest way to identify a fake bill in Argentina is to hold it up to the light and check the security thread. A $50, $100 or $500 peso bill will have the shiny security thread that weaves in and out of the bill material. A fake will have this thread glued on to or simply drawn on the outside.
Look for the obvious:
-Poor printing and faded colors
-A cheap feeling print paper
-Water mark of face is seen easily without light behind the bill
Real deal bills will have:
-Slightly raised ink on the actual numbers in the corners and where it states the amount ie: “Diez Pesos” “100”
-Clean crisp printing and colors
-The green printed numbers will have a glittery shine on most bills
-Water mark of the face that is not easily seen without light behind it
Check out the below examples of real and fake Argentine currency.
Here is one of the two $100 peso notes (this one is featuring Evita). We have not yet gotten a fake one to compare it to, but the same rule of thumb will apply, check the security thread to spot a fake! Click the pics to make them larger and see the commentary.