After the recent rise of the blue dollar, many savers turned their gaze towards the MEP since its price remained several pesos below the price of the parallel due to the intervention of the Government to try to control the exchange rate gap.
Indeed, for cancel those subsidies and, in this way, power access to the purchase of the MEP dollar (it is also a condition to buy savings dollars, CCL or Cedears) it will be necessary:
- enter the Registration of Access to Energy Subsidies (RASE).
- Then enter the section “Modify or delete the request”.
- Once there you will have to enter he management number that was obtained when the subsidy was applied for, the DNI and a email.
- Finally, click the option “remove registration”.
Other requirements to be able to buy MEP dollars
- Not having bought dollar savings during the last 90 calendar days and committing not to buy it in the next 90 days.
- Not be a beneficiary of social programs or aid.
- Not being a co-owner of a bank account: only one person per account can buy MEP dollars.
- Not currently have a refinancing plan for cards or loans in pesos.
- Not having benefited from the freezing of UVA mortgage payments until July 2022.
- Have declared income to carry out the operation.
How to buy MEP dollar
The MEP dollar, also known as the “bag dollar”, is one of the ways to buy the US currency legally. It is an exchange rate that is operated in the capital market and has fewer restrictions -subsidies must be renounced- for the purchase than the so-called “solidarity dollar”.
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It consists of buying a bond in pesos and, after acquiring it, selling it in dollars. This way, the exchange rate is calculated from the division between the price in pesos and the price in dollars.
In turn, the financial intermediaries through which the MEP dollar is purchased charge a small commission of between one and two percent total 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.
How many MEP dollars can be purchased per month?
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 homeunlike the illegal or “blue” dollar.
Another advantage, already compared to the saving dollar, is that It does not have a limiting quota nor does it require 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. In general, it is from one day to the next.
Step by step to buy dollar MEP or dollar Bag
To buy MEP dollar or bag dollar, the following steps must be followed:
- Open an account at a local broker: To get the stock dollar, it is necessary to open an investment account in a local broker or stock company. To operate, you must open an account at one of the intermediary companies, which is free and remote. To do this, you have to fill out a few simple forms and verify your identity.
- deposit funds: once the investment account is opened, it is necessary to deposit the amount of money that the person wants to change from a bank account of the same owner. Before operating, you must have the CBU of the bank account in dollars enabled to deposit the money there.
- Buy the GD30 bond in immediate cash (CI): to acquire the MEP dollar, you have to buy an asset that is traded in pesos and in the US currency with immediate cash settlement (CI). For this, most investors use the GD30 bond because it has a high volume of operations and its price is more stable.
- Wait one business day with the asset in the portfolio: The interested party must park one business day, which consists of a waiting time established by the National Securities Commission (CNV) that the person must go through so that the money is effectively available in the account.
- Sell the dollar bonds: once the parking period has passed, the person can sell the assets. To do this, you must select the “Immediate Cash” option with the label AL30D/GD30D. There you must determine the number of bonds you want to sell and choose the market price. When the operation has been carried out, the liquid dollars will be available on the broker’s platform ready to be transferred to the bank account.
The MEP dollar or stock dollar is a stock market operation that arises from the purchase of certain bonds in pesos, which allow them to be sold in North American currency.
By having it one day in the principal account as required by regulation, people can sell and liquidate it locally. For example, whoever has money in the financial system buys you the bond. Starting with pesos, you made dollars, which can be transferred to the bank account and available to use as desired.
What is the difference with the blue dollar
In short, the blue dollar is an informal, black market. These are transactions between private parties outside the official market, of undeclared bills.
Source: Ambito
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