This Friday the government announced a new dollar bond for workers who can access the ANSES loan at a subsidized interest rate of 50% of the nominal annual rate.
AFIP monitors those who buy the MEP dollar and can dictate tough sanctions
The organization reported that those who purchase this type of dollar must report it.
Due to the country’s poor economic situation – with monthly inflation at 12.4% – the ruling party’s economic sector decided to introduce a new limit on the purchase of foreign currency.
The latest tendencies of the Alberto Fernández government have been to put this into practice through groups that have access to some of the benefits of the state.
In this case, it was the employees’ turn to apply to ANSES for a loan at a subsidized interest rate for an amount exceeding $400,000 – available for gross salaries of up to $700,875.
In this way, people who have access to this advantage are excluded both from purchasing “savings” in banks and from the MEP to obtain dollarization on the stock exchange through bonds.
In return, the Central Bank’s Notice 7840 stipulated that access to the foreign exchange market will be restricted until the beneficiary cancels all debts acquired through the ANSES.
The first point of the regulation prohibits access to the purchase of foreign currency, which is common practice for the ruling party and also includes all credit lines that finance the state institution.
“You shall not effect sales in the country of securities issued by residents settled in foreign currency, or the exchange of securities issued by residents for foreign assets or transfer them to depository institutions abroad, or purchase securities issued in the country settled in pesos from non-residents.” , says the official statement.
The trick to buy the MEP dollar cheaper
Today, the MEP dollar is $676 for both the AL30 and GD30 in the 48-hour version. Sometimes there is a price difference depending on the instrument used. In addition, commissions, the volume transacted by the customer and the level of his usual movement must be taken into account.
Commissions range from 0.25% to 0.9% for each transaction. The MEP dollar requires two transactions. Therefore, it is between 0.5% and 1.8%, to which 0.02% must be added for market rights, at a rate of 0.01% per transaction.
The price difference depends on the instrument used, whether AL or GD, and the term, because if you buy immediately it is more expensive, around $700.
For this reason, it is important to do this manually, looking closely at the screen to know when the central bank intervenes and thereby improves the price.
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