In the case of financial intermediaries through which the MEP Dollar is purchased, a small commission of between 1 and 2% total is charged between the purchase and sale of the assets. The titles most chosen to do so are the AL30 and the GD30, due to their liquidity in the market.
The MEP has several benefits. In principle, it is a way to legally acquire foreign currency and allows you to get dollars quickly in your bank account without having to leave your home, unlike the illegal or “blue” dollar. Another advantage, already compared to the savings dollar, is that it does not have a limiting quota or requirements for its purchase. One fact that is important to take into account is the parking period, which is a mandatory term that must be met when buying bonds in pesos and we want to sell them to receive dollars. Usually it is from one day to the next.
regulations
Although, as we clarified, investors who want to earn MEP dollars do not have a monthly quota or any restriction, it is true that there are certain rules to be met for their acquisition. In 2021, it was regulated that operations carried out in the stock market with financial dollars have to go through the customer’s bank account in dollars and not third parties, such as brokerage firms.
Being money that enters through the legal circuit, the important thing is to be able to justify the origin of the funds before the bank. If there are suspicious transactions, the bank may be in a position to warn the customer.
- Not having bought dollar savings during the last 90 calendar days and committing not to buy it in the next 90 days.
- Not having cards or loans in refinanced pesos within the framework of the provisions adopted by the BCRA for the health emergency.
- Not having received a salary from a company that benefited from the ATP program.
- To have paid due payments and not to have refinanced the balance of the credit card to 12 months.
- Not having benefited from the freezing of UVA mortgage payments until July 2022.
- Not having received aid from state programs.
Source: Ambito
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