The sixth month of the year begins and the possibility of buying the cheapest dollar on the Argentine market is renewed: the share of US$ 200 at the official value. But to the multiple existing restrictions to be able to access that exchange rate, the high inflation is added which does not help in terms of availability to be able to obtain those tickets.
Dollar savings are achieved up to $ 50 cheaper than the rest of the exchange rates that exist in the Argentine market. The currency for hoarding includes 30% of the COUNTRY tax and 35% which is withheld in the Earnings and Personal Assets account and which can be subsequently requested to be returned.
The official exchange rate was obtained (as of Wednesday close) at $249, adding to taxes the real value at which the saver can buy those dollars are $410.85. Therefore, to acquire the total share – if enabled – of US$ 200, a person must have about $82,170.
The rest of the dollars in the local market come in at: $498 for Tourist, $490.87 for Cash with Liqui, $490 for Blue, and $471.70 for MEP.
In April, the purchase of the official dollar by authorized parties recorded an increase, consolidating the trend that had already occurred since the beginning of the year. Capturing that exchange rate increased by more than 8% comparing it with the March data, as emerges from the latest report of the Central Bank “Evolution of the foreign exchange market and of the foreign exchange balance”.
The “human persons” net purchase of US $429 million, mainly for travel, tickets and card consumption with non-resident suppliers (net of US$ 259 million) and hoarding (net of US$ 143 million for ticket purchases). March data was $132 million to accrue.
Roll with blue
Making “purée” or curling is the thing that happens in between buy the dollar at a value (in this almost officially) and sell it at a higher priceon the black market.
If it is then bought at official value (i.e., $410.85) and sold at blue value (at $490), the saver would make more than $79 for every dollar.
For those who have the option to buy the 200 USD, if they went to the parallel market to “mash” would make a profit of $15,830. That value comes from the $82,170 it takes today to buy foreign currency through a bank; and the $98,000 that can be obtained if it is sold informally in some “cave”.
What is the main requirement to buy dollar savings
There is one very important requirement when it comes to whether or not one will be able to buy dollar savings and that is to earn what the monthly income is. To acquire foreign currency at the official value, the saver must receive at least two minimum wages, which with the increase in the Minimum Vital and Mobile Wage (SMVM) It should be $175,974 in June.
Because of this increase in the minimum wage, many more people will be excluded from this purchase option.
But while this is the main requirement, indeed the initial requirement, when considering whether or not you will be able to buy dollars to corner, it is not the only one. There are more and more items to complete to find out whether or not you can get that precious $200.
Who can not buy “savings” in dollars
- Beneficiaries of energy, gas and water subsidies. For those who filled out the form and then opted out of state aid, buying rehab may take some time to think about.
- Beneficiaries of social plans or ANSES programs such as the Universal Child Allowance.
- Persons with no declared income.
- Bank account holders.
- Those who have refinanced their credit card balance in the past 12 months.
- Single-tax payers who have requested 0-interest loans.
- Those who have purchased MEP or Cash with Liquidation (CCL) dollars in the last 90 days.
- UVA credit holders who benefited from the interest rate freeze during the pandemic.
- Owners of small and medium-sized enterprises who have had access to loans at subsidized rates.
- People who have benefited from “revenue booster”.
- Persons included in the pension moratorium.
- Who spent everything with a card the share of u$s 200both in purchases abroad and in services such as Netflix or Spotify, if that payment arrives in the summary in dollars.
- Persons who have managed Argentine certificates of deposit: Cedears, cryptocurrencies or tradable bonds in the last 90 days. If you have access to your savings dollar, you are barred from accessing those assets for 90 days after your last savings dollar purchase.
Which bank is cheaper?
- Bank of Galicia: $238 to buy; and $253 on sale
- National Bank: $237,050 to purchase; AND 248,950 for sale
- ICBC extension: $238,750 for the purchase; and 246 for sale
- BBVA: $238,610 for the purchase; and 250,290 for sale
- supervisory bank: $239 to purchase; and $251 on sale
- Patagonia Bank: $238 to buy; and $250 on sale
- Banco Santander: $239 to purchase; and $251 on sale
- Brubank: $237 to buy; and $252 on sale
- HSBC extension: $235.20 to purchase; AND $245.20 on sale
- Creditocoop Bank: $239.51 to buy; $248.95 on sale
- Itau Bank: $237.80 to purchase; and $249.40 on sale
- Macro bank: $238 to buy; and $253 on sale
- piano bench: $244.9 to buy; and $245,521 in sales
- Cambios Online SA: $241.5 for purchase; and $243.50 on sale.
NS
Source: Clarin
