Valve Switches To USD Pricing In Argentina And Turkey Amid Local Currency Collapse

Argentina continues to see its peso fall while Turkey battles inflation as both countries have seen their local currencies collapse, and Valve has reacted by switching game sales in those countries from the local currency to the US dollar amid "exchange rate volatility" according to an announcement from Valve.

"Exchange rate volatility in Argentina and Turkey in recent years has made it hard for game developers to choose appropriate prices for their games and keep them current," Valve explained. "We have heard this loud and clear in our developer meet ups and round table chats. In addition, we have had a hard time keeping Steam payment methods up and running in these countries/territories due to the constant foreign exchange fluctuations, fees, taxes, and logistical issues.

"Pricing games in USD for Steam customers in Argentina and Turkey will help us provide greater stability and consistency for players and partners, while also enabling us to continue to offer a variety of payment methods to Steam users in those countries/territories."

Argentina and Turkey now join 25 other countries that previously did not have local currency support in a regionalized USD pricing bloc. The Argentine peso and Turkish lira have fallen so far that recommended pricing for each region went up by over 450%. Developers were previously forced to continue raising the price in local currency, or simply not make the standard profit. Now that has changed as prices will be set in USD.