The monetary regulator allows minors to operate in dollars in their accounts and takes another step in currency competition. The monthly limit of operations is three minimum salaries.
He Central Bank (BCRA) enabled minors between 13 and 17 years of age to open savings accounts in dollars (until today they could only do it in pesos). This is how he arranged it through the Communication “A” 8181which establishes on the other hand, that they may deposit up to a maximum of up to three minimum vital and mobile salaries for monthly deposits in each of the accounts. On the other hand, it enables debits for minors that are authorized by the National Securities Commission (CNV).
And it is that The rule enables debits for carrying out all types of operations permitted by the National Securities Commission as operations admitted in the “Savings bank for minors and adolescents.” to adolescent minors. Likewise, it allows that the debits associated with the subscription of shares of Open Common Investment Funds of “Mercado de Dinero” (the “money market”) intended for these minors are included within the aforementioned scope.
On the other hand, it resolved to incorporate as accepted currencies for collecting deposits in the “Savings Bank for adolescent minors” and to provide that The limit of operations admitted is three times the Minimum, Vital and Mobile Wage (which the Government set in $286,711, so the total is $860,133)with the possibility of increasing it by express authorization of the legal representative of the minor.
Source: Ambito
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