The Exit from exchange rate, Announced on Friday by the Government, it generates great expectation in the financial market. As scope could know, both public and private entities have already adapted their systems and expect an increase in demand for dollars during the three business days of this week.
From this Monday, All people can buy dollars through their digital channels (Home Banking and App) at the price set by the market within the band established by the Central Bank, which ranges between $ 1,000 and $ 1,400.
“We are working to, as soon as possible, enable the purchase and sale of dollars for human people under the new regulatory framework,” they explained from one of the leading banks of the financial system.
The value of the dollar within this new scheme will be available on the blackboards of all banking entities from 10 in the morning. Nevertheless, From the banks, regulatory definitions of the National Securities Commission (CNV) and on tax aspects are still expected, which will be key to complete the operation.
From the financial institutions they ensure that the expectation is high. “Movement is expected. There are many mortgage operations too, this is the most sensitive aspect. It is believed that from this Monday to Wednesday we will have enough demand“They admitted from one of the entities consulted.
Technical implementation did not represent great difficulties: Entities technology teams worked during the weekend to readjust their digital platforms and allow the purchase of dollars without restrictions from virtual channels.
“Banco Macro informed that he already has all his systems ready to, starting tomorrow Monday 14 at 10, selling dollars to all customers enabled according to the operation arranged by the BCRA. It can be done through digital channels,” they let them know from the credit entity.
The new exchange model, known as “dirty flotation”, allows the Central Bank to intervene in the market when the dollar drills the ends of the band: below $ 1,000 or above $ 1,400. In practical terms, it implies accepting a possible depreciation of the weight of up to 30%, if the price is approaching to the band’s roof.
Important clarification about the purchase of dollars
While digital operations will not have amount limits, Yes there will be restrictions for those who wish to buy dollars in cash by window.
Communication “A” 8226 of the Central Bank establishes that you can buy a maximum of US $ 100 per month in cash and a sworn declaration that certifies not having exceeded that amount in the bank of the banking system.
This limitation Applies exclusively to face -to -face purchases in cashand does not affect virtual purchases through Home Banking.
Source: Ambito
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