All You Need to Know About Dollars and Cryptocurrency in Argentina

2023-04-20 13:13:00

Also know as “supportive”, is the currency obtained by those who buy the official for savings or tourism. To know its price, official dollar retailer must add 30 percent corresponding to the COUNTRY tax and another 35 percent on account of Earnings and Personal Assets. Only a few people can agree to buy dollars at this price, and up to US$200 monthly.

Those who must travel or consume products or services abroad must take into account the dollar exchange rate according to the expense they make; Thus, two large groups are differentiated according to the ceiling of US$300.

Bitcoin (BTC) is trading today, April 20, at US$28,303.99. It’s about the cryptocurrency most important today. In addition, it is increasingly accepted worldwide to buy products and services.

Bank customers who have an account in Dollars You can withdraw this currency through the ATMs, following some guidelines. The first is to find out with the banco in which account is taken which are the points designated for the extraction of the North American currency.

Once in the ATMthe following steps must be followed:

You have to remember that the withdrawal of dollars can’t get over withdrawal limit in pesos of the card converted to dollars at the official exchange rate of the day. In addition, beyond this, there are banks that establish a daily fixed cap.

On the other hand, another issue that the user should keep in mind is that it is very likely that the ATM will only offer multiples of US$100 and not smaller denomination bills.

Some ATMs in the country dispense dollarsShutterstock

Those who are interested in purchasing mep dollar they should know that, for this, there is no quota monthly to be respected. However, there are limitations to its acquisition. In August 2021, it was regulated that operations carried out in the stock market with financial dollars have to go through the Bank account in client dollars and not from third parties, such as brokerage firms.

Since September 2021, when wanting to make more than one transaction per month, users receive a notification from the bank warning them that they have completed their monthly transfer in dollars. Beyond this, the regulations allow more than one transfer in Dollars per month, but for that it is necessary to justify the origin of the funds before the bank.

is the split which is controlled by andl Central Bank (BCRA) and has two channels: the retail and the wholesaler. The retail is the reference exchange rate, which is taken as the basis for calculating other market prices. The wholesale price, on the other hand, is the reference price in the foreign market.

The parallel currency closed trading on Wednesday at $423 for sale, a new historical record.

He Central Bank (BCRA) today he had to sell part of his reservations, after his buying streak that lasted about five wheels. This was due to the fact that no income was recorded through the exchange channel through which the beneficiaries of the Export Increase Program (PIE) who can access the dollar to $300 with the liquidation of soybean exports, derivatives and products of the regional economies.

The absence of supply in full force of a stimulus plan through prices is an absolute novelty, since it never happened in the periods in which these types of programs have been in force.

More information in this note from LA NACION.

He retail dollarwhich is controlled by the Central Bank (BCRA)increased this Wednesday and traded at $224 for sale and $216 for purchase.

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