After the May 1 holiday, the purchase of official dollars was enabled. This exchange rate is around $380, a difference of almost $90 from the illegal dollar. However, fewer and fewer people can access it.
After the May 1 holiday, the purchase of dollar official. This exchange rate is around $380, a difference of almost $90 from the illegal dollar. However, fewer and fewer people can access it. This was revealed through the last monthly report of the Central Bank, “Evolution of the Exchange Market and Exchange Balance”.
Learn more – Follow the price of the blue, official, CCL and MEP dollar in Argentina
During March, human persons purchased US$457 million net, which meant a decrease compared to the US$537 million net that they purchased in the same month of 2022. But if we look in year-on-year terms, the drop in the purchase of dollars saving is around 15%.
Who can’t buy dollar savings?
- Beneficiaries of energy and water subsidies.
- Beneficiaries of social plans or ANSES programs such as the Universal Child Allowance.
- People without declared income or consistent, so it includes both people who do not have a job or work informally/black.
- Co-owners of bank accounts.
- Who refinanced some balance of the credit card in the last 12 months.
- Monotributistas what did they ask 0 rate loans.
- The people who accessed the exchange rate “MEP”.
- The holders of UVA credits who benefited from rate freeze during the pandemic.
- The owners of small and medium-sized companies that have agreed to loans at preferential rates.
- People who benefited from “revenue booster”
- Persons who have operated Argentine Deposit Certificates, better known as cedears, cryptocurrencies or negotiable obligations in the last 90 days. In case of accessing saving dollar, access to said assets is prevented for 90 days after the last purchase of the savings dollar.
- People included in the pension moratorium.
Consumption abroad
The demand for the US currency in the official market during the third month of the year was mainly explained by the consumption made abroad through cards, which totaled US$281 million, and for hoarding, whose net amount was US$132. millions.
Neverthelessthe official records corresponding to April will reflect within a month whether or not there was an increase in the demand for dollars at the official exchange rate, in a context of strong pressure in parallel markets that shot prices to new nominal all-time highs.
How should pay abroad?
Within the framework of the new value of the blue dollar, it became more convenient to use the debit or credit card in pesos when traveling abroad. When spending with credit card It is also important to note that the exchange rate is taken into account at the time of closing the monthly summary.
On the other hand, the expenses with Debit They provide the certainty of knowing what exchange rate is being spent. The precaution that must be taken with respect to this form of payment is the cloning of the card or possible scams at the time of the transaction.
It must also be taken into account that You cannot sell the dollars to the blue and deposit the pesos in the bank’s savings account to pay the card at maturity because the entity can request a justification of income and make a suspicious account report and close it, in addition to the problems that can arise with the AFIP.
On the other hand, the tourist dollarthe instrumented exchange rate with the aim that foreigners had a better exchange rate in their consumption with plastic. Today, it is convenient for them to bring the dollar bills again to exchange them in the illegal market.
Source: Ambito
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