Silvana Saldisuri
06/10/2021 6:01 AM
Clarín.com
Services
Updated 06/10/2021 8:07 AM
For those who need to make their purchases in pesos and have saved dollars, when they sell them in the official market, they get just over $ 94 per ticket today.
But there is another
legal option
with which you can get about $ 66 more ($ 160 in total), and with which you can even get a little
advantage against the blue
that continues to fall.
It is the
MEP dollar
(Electronic Payment Market) or Stock Exchange dollar as it is also known.
This is the name given to the price per dollar that arises from a sovereign bond operation on the Buenos Aires Stock Exchange.
It can be accessed through the
home banking account of
the bank to which the interested user belongs or through a Settlement and Clearing Agent (ALYC) or broker.
The
operation is quick and simple
, and although today it is also one of the most profitable alternatives to obtain dollars without restrictions and without having to go to the parallel market, many savers still do not know how it works.
Dollar MEP is called the price per dollar that arises from an operation with sovereign bonds in the Buenos Aires Stock Exchange.
Photo: Clarín Archive
In fact, the own
Central Bank (BCRA)
It is encouraging entities to
promote
this type of operation more.
It happens that, due to the
price differential
, this is an opportunity to make the
MEP dollar
much more massive
, which represents an opportunity for the BCRA to channel the money towards the legal circuit and prevent it from going to the blue.
How MEP dollars are sold
1. Open a client account
(they are used to operate with bonds or shares in the Capital Market and the Stock Market).
The account can be opened in the bank or in a Stock Exchange or ALYC, something that is processed with just a few clicks and a
copy of the DNI.
2.
Deposit or transfer the dollars
in the client account.
After carrying out the due accreditation, the operations are already enabled.
3. Buy dollar bonds
.
The most used bond for this operation is the Bonar 2030 (AL30).
4.
Sell the bonds in pesos
and in this way
the pesos are received
in the principal account.
The Central Bank encourages entities to further promote these operations, to channel the money into the legal circuit.
Photo: Reuters
But this
is not the only profitable operation
that can be done
with the MEP dollar
, it also enables the purchase of dollars legally and without restrictions.
It is public knowledge that the dollar has always been attractive to Argentines.
Years of inflation and devaluation have given the foreign currency a major role, not only in the markets but also in the domestic economy.
Is that the
dollar
is considered by many as the
only "refuge"
from local volatility and that is why its demand is so high.
To control this demand, in 2019 the
Law of Social Solidarity and Productive Reactivation
was enacted
, which establishes a maximum purchase quota of US $ 200 (solidarity dollar) per person, per month and a surcharge of 30% at the official exchange rate. plus a perception of 35% that left the home banking dollar as the most expensive in the market today.
Through the MEP dollar you can also buy dollars legally and without restrictions.
Photo: Marcelo Carroll
Although this is a difficulty for the saver, fortunately there are other
options to get the dollar legally and without restrictions
: the MEP dollar.
What are the requirements to buy dollars through the MEP?
.
In the case of having accessed the
monthly quota of US $ 200
in home banking, either in banks or exchange houses, you must
wait at least 90 days
to access the Dollar Stock Exchange.
.
Those who have credits at a 0% rate or rates subsidized by the government, current or pending cancellation, including loans,
will not be able to access the MEP Dollar
today.
The same applies to those with
outstanding credit card debts
, or those
recipients of state aid such
as the IFE (Emergency Family Income) or the AUH (Universal Assignment or Child), among others.
How is the operation to buy dollars with MEP?
The Stock Market Dollar or MEP Dollar is an option that allows access to the purchase of dollars at an exchange rate very similar to that of home banking, although without any limit.
The operation is simple and the reverse of how it was detailed before to sell the dollars.
It consists of the purchase of a
bond in pesos (AL30)
and its subsequent sale in dollars.
One point to keep in mind is that for this operation
the bond in pesos
must be
kept
in the portfolio for one
business day
in order to carry out the operation (a term known as “parking” or “parking” due to its translation).
Once the operation is complete, the dollars are transferred to the investor's bank account.
LN
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