Dollar savings: the quota is renewed in November, who can buy?

Dollar savings: the quota is renewed in November, who can buy?

October 31, 2023 – 1:02 p.m.

As has been happening month after month, the list of those prevented from accessing the so-called solidarity dollar was updated, so it is crucial to take it into account.

Argentine News

As is generally known, not all citizens have access to the “savings dollar” or the “solidarity dollar”. In recent months, the Government increased restrictions and increased tax burden about this exchange ratewhich has meant that fewer and fewer people have access to that possibility through the bank.

In October, the list of people who They cannot access the official dollar. It was confirmed that those who received the fixed sum of $60,000 as part of state aid for employees with salaries up to $400,000 They will not be able to buy official dollars.

Those who meet the established requirements may continue acquiring the “solidarity dollar“, with a monthly limit of US$200 per person through home banking. Although the quota It was not modified for NovemberWhat did change is the list of people who cannot access this exchange rate due to the measures implemented within the framework of currency control and the accumulation of reserves by the Central Bank (BCRA).

Dollar savings: criteria for limitations and price

The main criterion for limiting access to dollar savings is that people who receive some type of state support or assistance cannot buy foreign currency. This is based on the idea that those who require state aid do not have surplus resources to invest in the purchase of dollars. This means that many savers who have benefited from the economic relief measures announced by the Minister of Economy, Sergio Massa, will not be able to buy dollars in November if they requested any assistance launched by the Government, such as, for example, credits through of the National Social Security Administration (ANSES).

This is the case of those who received the “new IFE“for informal workers, which consists of state assistance of $94,000 in two payments. Thus, those who received this benefit join the list of disabled people this month. to buy dollar savings.

Likewise, it is important to highlight that during October, the tourist or card dollar, and the savings (or solidarity) dollar, which include 30% COUNTRY Tax, 45% Earnings Perception and 25% Gross Income, were updated up to $736.12. This reflects the measures and regulations that seek to control the acquisition of foreign currency in the country.

The purpose of these restrictions is to reduce the demand for dollars to the minimum possible. In this way, if the individual seeking to save manages to gather the required income, he must also comply with an extensive list of preconditions to access the official exchange market.

Who can’t buy dollar savings?

  • Beneficiaries of ANSES credits who have not paid the debt.
  • Beneficiaries of energy and water subsidies.
  • Beneficiaries of social plans or ANSES programs such as the Universal Child Allowance.
  • People without declared or consistent income, so it includes both people who do not have a job or work informally/under the table.
  • Joint holders of bank accounts.
  • Those who refinanced any credit card balance in the last 12 months.
  • Monotributistas who requested loans at 0 rate.
  • People who accessed the “MEP” exchange rate.
  • UVA credit holders who benefited from the rate freeze during the pandemic.
  • Owners of small and medium-sized businesses who have accessed loans at preferential rates.
  • People who benefited from “income reinforcement”
  • People who have operated Argentine Deposit Certificates, better known as Cedears, cryptocurrencies or negotiable obligations in the last 90 days. If you access the savings dollar, access to said assets is prevented for 90 days after the last purchase of the savings dollar.
  • People included in the pension moratorium.
  • People who collect the $60,000 bonus in the months of September and October.
  • Workers who have requested Anses credits.
  • Those who have requested the bonus for informal workersknown as “new IFE”.

Dollar savings: how do I know if I am authorized to buy?

The status of that account can be verified through the ANSES Negative Certificationproof that is valid for 30 days and can be consulted at the following link: https://www.anses.gob.ar/consulta/certificacion-negativa

Source: Ambito

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