The card dollar is the exchange rate that applies to credit or debit card purchases abroad. It is calculated from the official retail dollar, and the COUNTRY, Income and Personal Property taxes are added.
The Minister of Economy, Luis Caputo, announced the package of economic measures with a recorded message that lasted 17 minutes. The package included an increase in the wholesale dollar to $800. This is an exchange rate jump of 118% of the wholesale dollar, from $366.45 this Tuesday.
The dollar card, The exchange rate that applies to credit or debit card purchases abroad will remain in $1,320 (from now on, 30% Country Tax, 35% Income Tax will apply and Personal Assets will be eliminated). It remains to define whether the “Netflix dollar” will be the same as the card or there will be a change in the taxes that weigh on it.
In the run-up to the announcements, The dollar card included 100% of earnings, 25% of personal assets, which was added to the 30% of the PAIS tax. This implied an exchange rate with 155% taxes on the value of the official dollar. It now weighs 65% taxes on the official exchange rate, which rose this day to $800.
Blue dollar, what will happen?
“He Dolar blue is going to rise at least 20% these days because We are in the days before vacation“he assured Ambit the Economist Federico Glustein. Therefore, the financial analyst, Salvador Di Stefano He added that tomorrow gap between blue and official be “of more than 50%“.
In this way, the blue dollar, which this Tuesday ended at $1,070, would rise approximately $200 in the next few days to $1,270, which would leave the gap around 58.8%. So, the spread reduction would be 133.24 percentage points.
“The recession is going to be fierce, therefore, I would not risk thinking that the gap is going to double. Now what happens is that the tourist dollar will be located around $1,320, which will generate blue dollar demand to go on vacation, because no one is going to pay with a card, we don’t use it anymore,” explained the financial analyst.
Source: Ambito
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