Overview: In December 2001, Argentina experienced an economic crisis that hurt the nation’s markets as a whole, but made travel to Argentina much more appealing to foreigners. Before the peso crisis, Buenos Aires was considered one of the most expensive cities to travel to in Latin America. When the peso stopped being valued on par with the dollar the cost of living suddenly plummeted for foreigners, causing them to congregate in Buenos Aires in massive numbers.  Even though inflation is rampant in Argentina, Buenos Aires is still a bargain destination in comparison to Europe, Asia, Canada and the United States. Most of Buenos Aires’s century-old architecture has been renovated, but still maintains its old European and neoclassical feel.