Low-cost luxury tempting tourists to Argentina after currency crisis

For tourists, the advantages of a weaker peso are clear at Don Julio, one of the top steakhouses in the world

From Buenos Aires to Bariloche, travellers are cashing in on Argentina’s cheap currency as the country grabs headlines as a go-to destination.

The peso has tanked nearly 50 per cent against the US dollar this year, the biggest drop in emerging markets. That loss has now become tourists’ gain, turning luxuries such as grass-fed steaks and world-class wine into bargains for globetrotters with greenbacks.

While wreaking havoc on ordinary Argentine citizens, the country’s currency crisis helped spur a 12 per cent increase in foreign tourist arrivals in September, the third consecutive month of year-on-year gains, according to government statistics. In