This exchange rate sets up the alternative to obtain foreign currency at the official exchange rate, with a monthly limit per person and who must comply with a series of restrictions.
Next Monday, April 1, the quota so that retail savers can acquire up to US$200 through banking entities as dollar savings. Although the Government this month reinforced its statements on the exit from the stocks, pointed out that the Central Bank (BCRA) must first strengthen its reserves. Consequently, for now there are few Argentines who can access this quote.
The solidarity dollar, intended for savings, and the card dollar are being traded on the last business day of March at an average of $1,440.72, according to data collected by the monetary authority. This is due to the surcharge 60% of the official price, which includes the PAIS tax and the profit advances implemented by the AFIP last December 13.
This exchange rate configures the alternative to obtain foreign currency at the official exchange rate, with a monthly limit per person, of course, subject to a series of restrictions. The value of this exchange rate is made up of the price of the official dollar plus 60%, which corresponds to the PAIS tax (30%) and the 30% withholding as an advance payment of Profits. Previously, this total surcharge reached 155%.
For its part, the dollar for card payments is subject to the same withholdings as the solidarity dollar, which is why it also implies a 60% surcharge. This exchange rate applies to all transactions (purchases of goods or services via credit or debit card) abroad, including services such as Netflix or Spotify.
How many pesos do you need in April to buy $200?
Because of the restrictions and taxes, In April, the user will need a greater amount of pesos to access the US$200 limit. Thus, on the last business day of March, $288,144 to buy US$200 through the bankwhich, in short, does not make sense, considering that the MEP dollar is in $1,034.49, has no purchase limit and represents a saving of almost $70,000 for the same amount.
Solidarity dollar in banks for Wednesday, March 27:
- Piano Bench: $1492.80
- Galicia Bank: $1470.40
- Banco Itaú: $1,470.40
- Macro Bank: $1470.40
- Supervielle Bank: $1464
- Patagonia Bank: $1456
- Santander Bank: $1456
- BBVA Bank: $1456
- ICBC Bank: $1,451.20
- HSBC Bank: $1,447.52
- City Bank: $1400.80
- Banco Nación: $1400.80
- Credicoop Bank: $1400.80
- Brubank: $1400
Dollar savings: who cannot buy
Given the urgency of rebuilding the Central Bank’s reserves, in recent years the exchange rate has been tightened. Consequently, Today there are at least a dozen conditions that exclude Argentines from the possibility of buying dollars for hoarding.
- Those who bought the MEP or CCL dollar in the last 90 days.
- Those who received salaries in 2020 through the Production and Work Assistance program (ATP).
- Those who receive social plans or state aid such as the Universal Child Allowance (AUH).
- Monotributistas who have ongoing credits at a subsidized rate.
- Those who do not have their income declared.
- Joint holders of bank accounts.
- Those who spent their quota of US$200 with a card, which includes payment for services such as Netflix or Spotify in dollars.
- Those who have a 12-installment payment plan for credit card debts.
- Those who refinanced their debts with banks for personal, collateral or mortgage loans.
- Beneficiaries of the income reinforcement that was paid in May and June 2022.
- Those who receive state subsidies for the payment of electricity and gas rates from September 2022.
- People who enter the pension moratorium to retire without having 30 years of mandatory contributions.
- Registered workers, retirees and pensioners of the ANSES who access the new credits of up to $400,000.
Source: Ambito
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