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A country's tragedy has become a tourist's opportunity, and in between the two is hope for an improved economy for all of Buenos Aires, the glamorous capital of Argentina. Up until the peso crisis of December 2001, Buenos Aires was regarded as Latin America's most expensive city, if not one of the world's, with prices for some hotels and restaurants rivaling those of New York and Paris. But now that the peso, once on par with the U.S. dollar, has fallen to a third of its former value and stabilized there, tourists from all over the world are flocking to this city, often called the Paris of South America.
The peso crisis hit the locals all the harder because of this, making the lifestyle and good times that they cherished almost unattainable for a period of time. But don't think that the new Buenos Aires is a depressing shell of its former glorious self. Instead, when you get to Buenos Aires, you'll find a city quickly recovering from its former problems, with old cafes and restaurants not only full of patrons but competing with all of the new restaurants and cafes opening up at a breakneck pace all over town.
The crisis also had a remarkable effect on the country's soul. Argentines as a whole are becoming more self-reflective, looking at themselves and the reasons why their country fell into so much trouble and trying to find answers. This has lead, ironically, to an incredible flourishing of all things Porteño, the word Buenos Aires locals use to describe both themselves and the culture of their city. Unable to import expensive foods from overseas anymore, Buenos Aires's restaurants are concentrating instead on cooking with Argentine staples like Pampas grass-fed beef and using locally produced, organic ingredients as seasonings.
This new Argentine self-reliance and pride is not just limited to its restaurants. The same thing has happened with the country's fashion. Importantly, the most Porteño thing of all, the tango, has also witnessed an explosive growth. Up until the peso crisis, Argentines worried that the dance would die out as young people bopped instead to American hip-hop and European techno. But the peso crisis and the self-reflection it created, helped bolster the art form's popularity: New varieties of shows for tourists mean you can now see a different form of tango every night of your stay.
The city is also home to an incomparable array of theaters and other traditional venues. Buenos Aires's vast arrays of museums, many in beautiful neoclassical structures along broad tree-lined Avenida Libertador, are as exquisite as the treasures they hold inside.
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