Specifically, at that time the Central Bank (BCRA) decided to tighten the exchange rate through communication “A” 7105, by which all beneficiaries of any plan or program were excluded from the Single Free Exchange Market (MULC). characterized as social assistance, such as the Emergency Family Income (IFE) and the Universal Child Allowance (AUH). Those who received their salaries from companies that had requested the ATP were also included.
Two years later, and with the ATP reformulated in the Productive Recovery Program (Repro), the impossibility of buying dollars via home banking or in a branch continues, which leaves millions of wage earners out of the formal market.
It was believed that the restriction would expire after a year. However, there were no changes in the Central Bank’s policy.
Who can not buy dollar savings?
- Those who bought MEP or CCL dollars in the last 90 days
- Those who received their last salary through the Production and Work Assistance program (ATP)
- Those who received social plans
- Monotributists who have ongoing credits at a subsidized rate
- Those who do not have their income declared to avoid purchases with black money or avoidance of the US$200 quota through acquisitions through third parties
- Co-owners of bank accounts
- Individuals who spent their quota of US$200 with a card (includes, for example, the payment of Netflix or Spotify in dollars)
- People who have a payment plan in 12 installments for credit card debts
- Those who refinanced their debts with banks for personal, pledge or mortgage loans.
- People benefited by the Income Reinforcement.
Restrictions that expire
Currently, there are at least 10 restrictions that exclude the population from the official foreign exchange market. Within the conditions established by the Central Bank in September 2020, those people without declared or “consistent” income, co-holders of bank accounts, who made use of the US$200 quota for purchases with cards, or those who acquired the “Bolsa” dollar in the previous 90 days.
However, unlike the cases mentioned above, there are those who do have a scheduled date to be able to get hold of the US currency again in the MULC. These are those Argentines who refinanced the 12-month credit card, took out a loan from the Government or UVA credit holders who agreed to the freezing of installments during the pandemic. In those cases, the restriction expires once the debt ends.
Source: Ambito
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