Dollar Today: $276 . A Step-by-Step Guide to Buying a Dollar Without Stocks

After a chaotic July, which began with the departure of Martin Guzmán from the Ministry of Economy, Looks like the market has given green signal to new Driving by Sergio Massa, who had left the Presidency of the Chamber of Deputies Super Minister of Economy, Production and Agriculture, due: blue dollar crash $30 pesos in the last 48 hours, while Fiscal dollars also $300. fell down from,

in that line, Dollar Counted With Settlement ,CCL) closed Friday at $288.28 in its version with AL30 and GD30 and $289.11 in its price via CEDEARS. For its part, the dollar electronic payment market ,MEP) also called dollar bag He ended the week at $276.60 and $276.71 for his GD30 trade.

Although MEP dollars are more expensive than savings dollarsMight be a good option to store the value, as it allows you to get North American currency without $200 limit Dollar monthly savings.

However, those who have purchased MEP dollars in the last 90 days will also not be able to purchase savings dollars achieved at 226 pesos (240 pesos for overseas purchases) and vice versa.

What is MEP Dollar

The MEP dollar is an exchange rate that originates from buying and selling bonds In the financial market for security in the country. as always AL30 bonus is used It is listed in both pesos and dollars, although the GD30, which shares that feature, can also be used.

The operation involves buying the title in pesos (for example AL30) and then selling it in dollars (AL30D), which can Transferred to a bank account located in the country,

The main advantage is that it has a Transparent process adjusted to all existing rules and regulationsUnlike the blue dollar which is an illegal market.

Dollar Today: $276 . A Step-by-Step Guide to Buying a Dollar Without Stocks

Legal dollars without stock and cheaper out of the blue

MEP Dollar Today: Sanctions

even though he The exchange rate does not directly affect the priceAt least not for humans, there are four types of restrictions that prevent their access to the currency:

  1. who has Solidarity Dollars Bought in the Last 90 Days
  2. They cannot be done by monotributists and registered responsible persons who have accessed 0% credit
  3. nor those who have UVA Mortgage Loan
  4. people who have requested credit card refinance in the framework of Communication of the Central Bank A 6937,

5 Steps to Buying MEP Dollars

Equity Economist Explains to BAE Negocios in Macro Rossio Vamonde What are the steps for people to access Dollar Market:

1) open a customer account

The first step is to open a customer account. This type of account is an essential vehicle to operate in the capital market and can be completely virtual, takes place through a stock company (ALyC) and only DNI and proof of origin of funds (salary receipts, monotax, etc.) are required.

2) Fund the original account

Once the original account is opened, the transfer is made to AlyC’s account. During a few hours, activity will appear in the account and you will be able to conduct operations. Both incoming and outgoing transfers only Can be done in the accounts of the same holder,

3) Buy AL30

With funds in Argentine pesos in the basic account, you can start operations. For the purchase of MEP dollars, the AL30 bond is used, which is quoted in both pesos and dollars. With the amount of pesos transferred, a certain amount of the face value (volume) of the AL30 bond is purchased.

4) Parking

National Securities Commission set up one business day parking, The regulation establishes that Bonus must remain in the Basic account for at least 24 business hoursTherefore transactions cannot be done on weekends, which is the case with other types of exchange.

5) AL30D . reverses

Once the minimum period prescribed by the CNV is over, Sell ​​the same amount of nominated securities purchasedBut en AL30D, This last D represents the price of that bond, but in dollars.

That is, titles bought in pesos are sold in dollars. “That is the mechanism through which we obtain foreign exchange,” Vamonde explained.


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