Starting this Monday, June 3, People with the ability to save and who want to cover themselves against a potential devaluation will be able to use the US$200 quota again. for the purchase of dollar savings.
It is worth remembering that today the price of the so-called “solidarity dollar” that small savers can legally and easily access is the retail exchange rate, but with an additional 60% surcharge for different taxes. With all this, The current value is $1,462.40.
Thus, It is located well above the blue dollar and the financial ones, which are heading to close May between $1,210 and $1,250. Even so, it is worth highlighting that During the last month the gap between the “solidarity” and the rest of the contributions was reduced by almost half.
With the stocks in quantities and the relative increase in the price of the savings dollar, the Government seeks to discourage the outflow of foreign currency from the Central Bank (BCRA), something that is reflected in the sharp drop that has been observed in recent months in the number of buyers. .
Dollar savings: how it is made up
The value of the savings dollar today is identical to that of the card dollar and is calculated based on the official retail exchange rate plus 60% taxes: 30% for the COUNTRY tax and another 30% deductible from the Income Tax. According to Ámbito’s survey, the dollar today is trading at $1,462.40. For those without limitations, this exchange rate can be obtained through home banking or authorized financial entities in the exchange market.
Why is the MEP dollar more attractive than the savings dollar?
To buy $200 on the first business day of June, $292,480 is needed. On the other hand, to buy the MEP dollar you need $242,170 ($50,310 less)since in this case the quote reaches $1,210.85. Therefore, for those who have the possibility of covering themselves in US currency, the “stock” dollar is clearly more convenient.
The MEP dollar is not only more attractive than “savings” because of the price but also because it has no restrictions on quantities. The operation to acquire these two exchange rates does not vary too much since both can be purchased at a trusted bank, with the simple opening of a dollar account. The additional step to buy the “stock market” dollar is the opening of a custodian or client account, which is what allows trading stocks and bonds.
The MEP can also be obtained through a brokerage company. In some cases, the financial entities carry out the entire operation, while in others it is the person who must first buy the AL30 bond (or the GD30) in pesos, and then sell it in dollars, respecting the 24-hour “parking” time (parking time). in which the title must be immobilized).
In the case of the blue dollar, to buy US$200 you need $245,000 ($47,480 less than in the case of the retailer with taxes) since its price is located in the $1,225.
How much was the gap between the savings dollar and the parallel dollars reduced?
The gap between the savings dollar and the MEP dollar fell by almost 20 points percentages throughout May, going from the 37% to the twenty%. Almost the same thing happened for the comparison with blue.
Who can’t buy dollar savings?
The following people cannot buy dollar savings:
- 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
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.
