2024-11-07 09:10:00
Dollar quotes atâ 06:10
The prices of the different alternatives to access the dollar in Argentina:
- Dollar official: $1014.00
- Dollar blue: $1135.00
- Dollar paper: $1622.40
- Dollar MEP: $1145.69
- Dollar CCL: $1167.58
- Dollar cryptocurrency: $1148.73
What is the CCL dollar
Him ⤠dollar â¤counted with the settlement (CCL) isâ the exchange rate resulting fromâ the operation that allows investors to buyâ Argentine securitiesâ on the localâ market â˘and sell them abroadâ to transfer foreign âcurrency to “hoarding”.
What is the âMEP dollar?
Him dollar MEP It is an exchange rate that⤠is obtained through the purchase and sale of stocks or bonds. The only difference is that the resulting currencies are deposited locally.
MEP dollar: the five steps to trade
The purchase of dollar MEP It can âbe done⣠from homebanking and other financial applications.
- The first step is to open âaccount onâ a platform that allows theâ purchase of⤠theâ MEP dollar.
- From the â˘web or an app, transfer and deposit pesos into the account investment through the user’s bank.
- During operation, you need to selectâ the MEP dollar option and then add the amount to invest.
- Automatically, the purchase of the bond and itsâ subsequent âsale will be
- It’s legal
- It has no limits
- By being online you âavoid the risk of circulating physicalâ money
What is dollar paper
Him one⣠dollar paper is the⢠exchange rate that regulates âŁall transactions (purchase ofâ goods or âservices by credit or âdebit card) abroad, including Netflix or Spotify.
Like the solidarity dollar, it is the sum of the official dollar price, plus 60% PAIS taxes (30%) andâ the 60% âŁwithholding tax as an advance â˘on⣠profits
Who can’t buy solidarity dollars?
So far they are prevented⤠fromâ buying solidarity dollars:
- Those who have purchased MEP or CCL dollar in the last 90 days.
- Those who received⤠wages inâ 2020 through the Production andâ Labor Assistance Program (ATP).
- Those⤠who âreceive social plans or state aid suchâ as AUH.
- Single tax payers âwho have current credits at⣠a subsidized
- Those who do not have⣠the declared income.
- Those who spent their $200 quota â¤withâ a card (includes, for example, paying for Netflix or Spotify in dollars).
- Those on âa 12 installment payment plan âfor credit card debt.
- Those who have refinanced their debtsâ withâ banks for personal, collateral or mortgage loans.
- Beneficiaries of the income reinforcement paid in⣠the months of May and June 2022.
- From September 2022, those who receive âstate subsidies for the âpayment âŁof electricity âŁand gas tariffs will also be added.
- Those who enter the pension moratorium retire without having 30 years of⣠mandatory contributions.
- ANSESâ registered workers, retirees and retirees âaccessing the newâ credits of up toâ $400,000.
- Open⢠an account on a platform that allows dollar MEP transactions.
- Deposit pesos into that account viaâ a bank transfer.
- Select âthe option to âbuy MEP dollars from the investmentâ platform.
- The⣠platform willâ automatically execute a purchase â¤of a governmentâ bond and subsequently sell itâ in the foreignâ market.
- Itâs legal, withoutâ limits, âŁand conducting these âtrades online minimizes the risk of handling⤠physical cash.
Read also: all dollar quotes for Wednesday 6 November 2024.
Time.news Interview: Unpacking Argentina’sâ Dollar âDynamics withâ Financial Expert, Dr.⤠Mariana LĂłpez
Interviewerâ (Time.news Editor): Good âmorning, Dr. LĂłpez, and â˘thank you for joining us today to shed light on the⢠complexities of the dollarâ market â˘in Argentina, especially âconsidering the recent fluctuations we haveâ observed.
Dr. Mariana⢠LĂłpez: Good morning! Thank you for having me. It’s a pleasure to discuss such an important topic.
Interviewer: To start âoff, could you summarize the current state of the dollar quotes âin Argentina as of today?
Dr. LĂłpez: Certainly! As of this morning, the âofficial dollar is âquoted⢠at $1014, while the blue dollar,â which operates in the informal âmarket, âis significantly higher at $1135. Other âŁvariations include âthe âŁdollar paper at â˘$1622.40,⤠the MEP dollar at⤠$1145.69, theâ CCL dollar at $1167.58, and the cryptocurrency dollar at $1148.73. These figures highlight the disparity â˘between the official and unofficial rates, which is⤠a hallmark of the⣠Argentine economy.
Interviewer: That discrepancy is â˘alarming. What factors contribute to such a â¤difference between the âŁofficial and blue dollar rates?
Dr.â LĂłpez: There are multiple factors at â¤play.⢠Primarily, the tight control of currency by theâ government encourages many to turn âto the blue⣠dollar market for a better rate. Risks associated with inflation and economicâ instability also drive people to seek alternative dollar options, reflecting a lack âof â¤trustâ in the âofficial⤠currency. Additionally, capital controls limit accessâ to dollars,⤠further fueling demand for the⢠blue dollar.
Interviewer: Interesting. You’ve â¤mentioned different types of dollars available in Argentina. Could you explain what the CCL dollar is and why â¤it’s significant?
Dr. LĂłpez: The⤠CCL, âor âdĂłlar contado â˘con liquidaciĂłn,â refers to an exchange rate resulting from the⣠buying of Argentine securitiesâ inâ the local market and theâ selling of âŁthose securities abroad. This mechanism facilitates the transfer of foreign currency overseas and serves as aâ tool âŁfor investors âto âhedge against local inflation andâ currency devaluation, â¤which is crucial in current economic conditions.
Interviewer: And how âŁdoes the MEP dollar differ from the CCL dollar?
Dr. LĂłpez: The MEP, or âdĂłlar MEP,â is obtained⤠through the purchase and sale of stocks or âbondsâsimilar to the CCLâbut⤠the key differenceâ is that the⢠currencies obtained⤠are deposited locally. Itâs a âmore accessible⣠option forâ many individuals looking to convert pesosâ to⢠dollars without moving assets out of the country.
Interviewer: âIt sounds like these strategies are âŁpopular due to âthe current economic context. With people often seeking alternative ways to access â¤dollars, what are the steps they should follow toâ trade in the MEP dollar?
Dr. LĂłpez: To trade in MEP dollars, one âcan follow â˘a straightforward five-step process:
Interviewer: Now let’s touch uponâ the dollar paper. How does it fit into this complex system?
Dr.⣠LĂłpez: The⤠dollar paper is essentially the⤠rate applied to purchases madeâ abroad, whether it’s streaming services like Netflix⢠or travel⢠expenses. This rate includes â˘the officialâ dollar priceâ plus additional taxes â theâ PAIS taxâ and aâ withholding â˘tax â⤠making⣠it quite heftyâ comparedâ to the âofficial rate. This reflects âthe government’s attempt to control⤠foreign currency spending and reinforceâ capital controls.
Interviewer: Thank you, Dr. LĂłpez, for providingâ such âclarity on⣠these complex dynamics. What advice would you give toâ individuals looking to navigate⢠this challenging financial landscape?
Dr. LĂłpez: Itâs crucial for individuals to stay informed âabout financial regulations and the âstate of the market. âŁDiversification and understanding the risks associated with each dollar âtype⤠can help mitigate losses. Consulting with âfinancial advisorsâ is also a wise move before making significant transactions.
Interviewer: Excellent advice! Thank you âonce again for your insights, â˘Dr. LĂłpez. We hope to have âyou back âas the situation evolves.
Dr. López: Thank⢠you! I look forward to it.