How to buy MEP dollars.
On a day of strong currency movements, the MEP dollar or stock market is trading today at $ 268, practically on par with the blue dollar. But unlike the informal, it is a legal operation that can be done within the banking system and has no quotas, as is the case with the savings dollar.
Basicallyit consists in the purchase of a bond in pesos for the subsequent sale in dollars. The operation is done online, so it seems safer than circulating money on the street to change it.
The only constraint that governs this market is a one working day “parking”, or the obligation to keep the purchased security in the portfolio for 24 hours before selling it and carrying out the conversion. The most chosen title to do this is the AL30due to its liquidity on the market.
But it can also be done with other shares listed on the Buenos Aires stock exchange.
Since the beginning of the year, the Euro MP’s dollar increased by 35%. This Monday it jumped 8% and retails for $ 268, on par with the blue, which ranges between $ 268 and $ 270.
You can buy the MEP dollar from online stock exchange companies, from financial applications on your mobile phone, and from the sites of the major banks in the country. You simply need to select the pesos bond (AL30) and the amount you wish to invest. In order for the transaction to be credited instantly, the option must be chosen “immediate cash”. From that moment on, 24-hour parking will start to apply.
Unlike the dollar counted with liqui, the purchase is made in pesos and these are sold in the local market in their “D” variant. In this sense, the price is the result of dividing the amount of pesos spent on the purchase of the bonds or shares by the dollars received at the time of the sale.
From that moment on, the investor will have to wait 1 business day for Parking before being able to sell the bonds purchased. The resulting amount will be withdrawn to the investor’s dollar bank account.
Who can buy MEP dollars
for the MEP there is no monthly fee of 200 USD which exists for saving dollars. In other words, you can buy what every saver can, without limits.
Not even the exclusions that operate in the savings dollar and that disqualify those who work in companies that at some point had access to the ATP program, in which the state paid part of the salaries during the pandemic.
However, if they apply other restrictions, How is it going:
Those who have bought the solidarity dollar or the savings in the last 90 calendar days cannot operate in the MEP.
Not even those who have had access to refinancing, such as frozen credit cards or mortgage loans.
Nor who has not been a beneficiary of a zero rate credit in 2020 or 2021 and who has not taken credit at the subsidized rate of 24% for companies.
Source: Clarin
