Get on the blue: how to buy the cheapest dollars on the market

Silvana Saldisuri

07/26/2021 6:00

• Clarín.com

• Services

Updated 07/26/2021 6:00 AM

Currently the average saver, who wants to protect their pesos so that they

do not lose value

and wants to access the exchange market,

You cannot acquire more than US $ 200 per month through your bank as a result of the

restrictions

imposed by the Central Bank of the Argentine Republic (BCRA) to avoid the loss of foreign currency.

And to be able to make the purchase

You would have to pay a

surcharge in concept of

solidarity

tax

and withholding of earnings for an average value of $ 167.89 per dollar.

Meanwhile, if you opt for the

informal dollar

, which in the last five days totaled $ 6, equivalent to a rise of 3.35%, you would have to pay

close to $ 185 per unit today

.

But there are other options to get

cheaper dollars

, legally and without limitations

Through the Capital Market, acquiring

the MEP dollar

, also known as the

Stock Market dollar

, with a quick and simple operation.

The average saver can buy up to $ 200 per month through his bank.

Photo: Marcelo Carroll

From

IOL invertironline

, they pointed out to

Clarín

that "in these changing times like the ones we are going through, it is essential to

be informed

and know the

various alternatives

that exist to act strategically and have good financial management to boost income."

For his part, Inviu's Head of Research,

Diego Martínez Burzaco

, stated that

"Today

the cheapest dollar in the market is the MEP

, so at this moment it is 

the best option

for someone who wants to dollarize without restrictions."

However, he indicated that "the objective of buying dollars and

leaving them still on the mattress is not a good alternative

. It is good that the first step is to dollarize, if you prefer, but the second would be to try to invest it intelligently according to your risk profile to capitalize on that. "

Through the Capital Market you can access cheaper dollars, legally and without limitations.

Photo / EFE

What is the MEP dollar?

It is called

the MEP dollar

(Electronic Payment Market), or also called the stock dollar, to the acquisition of this currency through the purchase of a

bond in pesos (AL30)

and its subsequent sale in

dollars (AL30D)

.

Why this title and not another ?: 

Fundamentally because it is the most liquid in the market, that is, the one that is bought and sold the most, making it

the

safest

way

to carry out the operation with less volatility.

Dollar MEP is one of the most performed operations by Argentines in the Capital Market, since it

is 100% legal

and, as it is an

online operation

, the risk of circulating on the street with physical money is avoided.

It should also be noted that it

does not have a monthly purchase limit or taxes

and recently the

Parking

(minimum time that the title must be in the portfolio before selling it) passed to

only 1 business day

, so it makes it one of the

options more attractive to savers

.

What are the requirements to buy dollars through the MEP?

• If

  having accessed the monthly quota of u $ s 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

  , in force or pending cancellation, including loans,

  will not be able to access the MEP Dollar

  .

• 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.

If the US $ 200 enabled in the month has already been purchased, you must wait at least 90 days to access the MEP.

Photo: Clarín Archive.

Step by step, how to operate 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.

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 pesos in the client account

.

After carrying out the due accreditation, the operations are now enabled.

3. Buy bonds in pesos

.

The most widely used bond for this operation is

Bonar 2030 (AL30)

.

It is important to bear in mind that the price at which the security will be listed is per 100 nominal values ​​(standard measure for bonds), but you can buy the amount you want.

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).

4. Sell the bonds in dollars (AL30D)

and in this way the dollars are received in the principal account.

5.

Once the transaction is completed,

the dollars are transferred to the

investor's

bank account

.

Thus, any investor can buy dollars (or sell by doing the reverse procedure) for an

average

total

of $ 167.52 per dollar

.

A much cheaper price than the $ 184.50 of the blue dollar that is acquired in the different caves, but illegally.

LN

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