The Ministry of Economy states that CVU in foreign currency. However, the traditional system of banks can already operate in dollars and almost does not have demand.
It is known that when there is a society that is customary to handle with two coins, as in Argentina, Consumers use local money to travel and prefer to keep the currency stable to savein this case the dollar. Therefore, making people detach from American tickets look complicated.
On the end of last year, the Ministry of Economy displayed a battery of measures aimed at encouraging the use of transactional dollars, In the line of what is called the Palace of Finance as “endogenous dollarization.”
Among the measures It was arranged that shops, including supermarkets, can show prices in dollars and that they can also bill in that currency. That businesses can also receive tickets or transfers in foreign currency and that charges such as credit cards can also pursue flows in US currency. But, strictly speaking, the public does not see the supposed advantage.
“Operatively This is all ok so that any operation can be done in dollars. The problem is that we have no demand, ”said a source from the banking sector to the field. It indicates that “there is very little demand in expensive goods and no demand in usual goods, such as supermarket.”
Actually, from financial institutions it is indicated that “It can be done, but no one asked, even, it is not being requested for something a little more expensive such as appliances.” A manager said that “there are some motorcycle and cars operations, but it is very small.”
Virtual wallets and dollar payments
Now Those who work to update their systems are virtual wallets. From one of the companies it was pointed out that “Today it is not possible to create payment accounts in dollars, that is ‘CVU in dollars’.” “We currently have no capacity to process such operations, although we are working on alternatives that allow progress in that regard,” they explained from one of the most important wallets in the market.
One of the new measures that They would be raised from the Palace of Finance it is precisely that little amount transactions can be made in foreign currency through QR codes o Transfers to CVU, which constitutes a whole system of movement of funds that operates to the banks.
But if the most traditional of the systems lacked demand, the doubt is why it would be successful in the case of wallets.
Source: Ambito
