The MEP dollar, also known as the “stock market dollar”, is one of the ways to buy the US currency legally.
The MEP dollaralso known as the “stock market dollar,” is one of the forms of buy US currency legally. This Tuesday, the financial dollars operate very volatile after registering all-time highs.
The process to acquire the MEP dollar consists of the purchase of a bonus in pesos and, after acquiring it, its sale in dollars. In this way, the exchange rate It 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 They charge a commission of between 1% and 2% total between the purchase and sale of the assets. The most chosen titles to do it are the AL30 and GD30due to its liquidity in the market.
Furthermore, the latest development in the operation of this type of exchange was implemented through the communication “A” 7933 of the central bank (BCRA), in which the monetary entity determined that the rule no longer applies that required savers transfer once a month the dollars acquired at a stock broker.
Step by step to buy MEP dollar or Stock Market dollar
To buy the MEP dollar or the stock market dollar, you must follow the following steps:
- Open an account at a local broker: To get the dollar on the stock market it is necessary to open an investment account in a local stock exchange company or broker. To operate, you must open an account in one of the intermediary companies, which is free and remotely. To do this, you have to fill out some 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 exchange from a bank account of the same owner. Before trading, you must have the CBU of the dollar bank account enabled to deposit the money there.
- Buy the GD30 or AL30 voucher: To acquire the MEP dollar you must buy an asset that is traded in pesos and the US currency with immediate cash settlement (CI). For this, most investors use the GD30 bond because it has a high trading volume and its price is more stable.
- Wait one business day with the asset in your portfolio: The interested party must do one business day of parking, which consists of a waiting time established by the National Securities Commission (CNV) that the person must go through so that the money is actually available in the account.
- Sell the bonds in dollars: Once the parking period has passed, the person can sell the assets. To do this, you must select the “Immediate Cash” option labeled AL30D/GD30D. There you must determine the number of bonds you want to sell and choose the market price. When the transaction has been completed, the liquid dollars will be available on the broker’s platform ready to be transferred to the bank account.
MEP dollar: until what time can you buy it
The hours to carry out operations are from 11 a.m. to 5 p.m.
What is the MEP dollar
The MEP dollar or stock market 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 in the client’s account one day as required by regulation, people can sell it and liquidate it locally. For example, whoever has money in the financial system buys the bond from you. Starting with pesos, you got dollars, which can be transferred to the bank account and available to use as you wish.
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 banknotes.
Requirements to be able to buy the MEP dollar
- Not having purchased a savings dollar during the last 90 days and committing not to buy it in the next 90 days.
- Not be a beneficiary of social programs or aid.
- Not being a joint owner of a bank account: only one person per account can purchase the MEP dollar.
- Do not currently have a card refinancing plan 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: in which apps it can be purchased
To buy this type of exchange you can use from home banking of the different banks (although in this case the purchase of the bonds is manual) to applications such as Balanz, Uala, Cocos Capitalamong others that allow it to be done in one click.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
