The dollar that you can buy cheaper, without quota, and avoiding the blue

The Government confirmed that those who collect the $60,000 bond will not be able to buy dollar savings -with quota renewed for September- operation that by the exchange stocks it is increasingly restricted and only allows you to purchase $200 a month. But there is another alternative, with fewer restrictions, which is the MEP dollar and which will continue to be enabled. Also, avoid going after the blue dollar.

Around 800,000 people can access the savings dollar, according to the latest report “Evolution of the Exchange Market”, published by the Central Bank (BCRA).

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.

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.

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.

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.
• Unsubscribe from subsidies to public services.

MEP dollar: everything you need to know

It is important to keep three things in mind:

1. The parking period is a mandatory term that must be met when bonds are purchased in pesos and we want to sell them in dollars. In some cases, depending on the bonus, it is from 24 hours to 73 business hours.

2. AFIP limited the purchase of MEP dollars: established a limit of 100,000 weekly nominals (equivalent to u$s40,000). Small investors will be able to continue buying. The average purchase for them is around US$3,000.

3. The National Securities Commission (CNV) established new deadlines for the purchase and sale of public securities in foreign currency.

The entity did so through general resolution 969, which restricts the purchase of sovereign bonds (both Bonares and Globals) in CI (immediate cash) or in liquidation in 24 hours, if during the previous 15 calendar days they were sold within 48 hours. Likewise, there must be “reliable statement of not doing so in the subsequent 15 calendar days.”

This is, if you buy, for example, AL30 or GD30 in CI or 24 hours, you cannot sell it in 48 hours, the next day; You have to wait 15 days in a row to be able to do it.

Thus a limitation is added to the operation in financial dollars in different terms (to carry out the operation in the same terms there are no modifications) which is “something only used by sophisticated investors trying to get a return with low risk.”

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 or AL30 bond: 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.

Dollar savings: Who can not buy dollars?

• Not having sufficient economic capacity to operate in the exchange market -according to the parameters established by the entity with which you operate-.
• Exceed the total monthly quota of US$200.
• Exceed the monthly quota of US$100 per month for cash purchases, which integrates the total quota mentioned in the previous point.
• Have requested to maintain the subsidies in service rates (natural gas, electricity or drinking water).
• Having received ATP benefits -for people with commercial activity or employed persons whose companies have received it-. Keep in mind that, if the employer obtained the ATP benefit, the restriction is in force, even if it is no longer received or the loan has been returned. The causes related to loans and refinancing refer to the entire system and not just to one entity. For this reason, the situation must be verified both in the entity with which you want to operate and in the rest of the entities. You can verify your situation in the Debtors Central.
• Have made purchases with credit cards in foreign currency for the monthly quota of US$ 200 or more than the quota. Keep in mind that when the quota is exceeded, you will not be able to access the purchase of foreign currency until the months have elapsed to compensate the monthly quota of US$200.
• Have refinancing of installments on credit cards, “Refinancing by Communication A6964” or “Refinancing by Communication A7095”.
• Have pledge or mortgage loans in UVA with refinancing.
• Having received IFE subsidies (according to information provided by ANSES).
• Have received subsidies from PAMI.
• Having been disqualified through communications C from the Central Bank, which inform who were the people suspended to operate in the exchange market.
• Having carried out operations with securities (Communication A7001).
• Not having a registered CUIT number, that is, there is no tax information from the Federal Agency for Public Revenue (AFIP).