Starting next week, individuals with savings capacity will be able to buy again the US$200 that the BCRA allows for storing dollars. Find out what the current price is.
Starting next week, those individuals who have a surplus of pesos and want to hedge against a possible increase in the dollar in a legal and simple way They will be able to use the US$200 quota again that the Central Bank (BCRA) allows for the hoarding of the “greenback”. In September the gap between the so-called savings dollar and parallel exchange rates widened.
It is worth remembering that the price of the savings dollar, or also called “card” and “solidarity”, is that of the retail dollar, but with a 60% surcharge in taxes. In the last month, the price rose 1.7% to reach a value of $1,581.60.
Although it remains the most expensive exchange rate on the market, so far this year it has increased steadily below the inflation rate. Consequently the real exchange rate is near the lowest level since 2017only surpassed by the value of November 2023.
Given that this appreciation of the local currency against the US currency occurs in a context of strict stocks and does not respond to a strengthening of reserves, fuels devaluation expectationsdespite the fact that the Government shows no signs of wanting to abandon the current “crawling peg”. However, for those who are skeptical of the official strategy, today there are more attractive alternatives on the market than the savings dollar to cover themselves against a devaluation.
In September the MEP dollar and the blue fell again
While the card dollar rose slightly in September, The MEP dollar added its second monthly drop, falling 5.4% and settling at $1,210.95. Therefore, the gap between both quotes widened again.
In addition to being $370.65 cheaper than the “solidario”, The purchase of MEP has the advantage that it has no quantity limit. It is worth noting that the calm of financiers is partly linked to the intervention of the BCRA, although money laundering has also been influencing, which is adding more currency supply to the stock market.
The MEP can also be purchased both at a bank and at a brokerage company.. In some cases, the financial entities carry out the entire operation, while in others it is the person who must first buy the AL30 bond (or the GD30) in pesos, and then sell it in dollars, respecting the 24-hour “parking” time (parking time). in which the title must be immobilized).
Who cannot buy the MEP dollar?
The following people cannot buy the MEP dollar:
- Those who have purchased solidarity dollars in the last 90 days
- Those who plan to buy solidarity dollars in the next 90 days
Who can’t buy dollar savings?
The following people cannot buy dollar savings:
- Those who bought the MEP or CCL dollar in the last 90 days.
- Those who received salaries in 2020 through the Production and Work Assistance program (ATP).
- Those who receive social plans or state aid such as the Universal Child Allowance (AUH).
- Monotributistas who have ongoing credits at a subsidized rate.
- Those who do not have their income declared.
- Joint holders of bank accounts.
- Those who spent their quota of US$200 with a card, which includes payment for services such as Netflix or Spotify in dollars.
- Those who have a 12-installment payment plan for credit card debts.
- Those who refinanced their debts with banks for personal, collateral or mortgage loans.
- Beneficiaries of the income reinforcement that was paid in May and June 2022.
- Those who receive state subsidies for the payment of electricity and gas rates from September 2022.
- People who enter the pension moratorium to retire without having 30 years of mandatory contributions.
- Registered workers, retirees and pensioners of the ANSES who access the new credits of up to $400,000.
Source: Ambito
