The dollar is highly demanded by Argentines, so the Government, with the aim of taking care of its reserves, applied a series of restrictions
By Ian Muñoz Pederzoli
15/04/2023 – 09,14hs
“How many dollars can a retiree buy?” This question is very common these days, since in recent years the Government has taken various measures to decrease the foreign currency demand, taking into account the BCRA reserves in red.
Bearing in mind that hoarding dollars is very common in Argentina, many retired they wonder if they can buy dollarshow much and how to do it.
How many dollars can I buy a retiree?
Los Dollars What can a retiree buy today? depend on the amount they charge for their retirement assets And if they have another type of income such as rentals.
In the case of saving dollar, The minimum amount of money required by each bank is usually different, although, in general terms, there are two SMNV (Minimum salary, vital and movil).
However, in the case of the bank where you collect your retirement assets, these usually have fewer requirements. For example, at Banco Santander, you must present documentation that justify income for $78,000 net.
In this way, those retired that they only charge the minimum and do not have another type of income cannot buy dollar savings.
On the other hand, in the case of mep dollarthe only requirement as to the number of dollars a retiree can purchase is the amount that can justify.
Those retirees who only earn the minimum will not be able to acquire dollars
That is, you can buy all the dollars you want as long as you can Justify the origin of the funds. For example, a retiree who earns the minimum and has no other declared income cannot buy US$1,000 per month, since when asking for the justification of funds you will not be able to do it.
It should be remembered that if the origin of funds cannot be justified, financial institutions or brokers can proceed to account closurein addition to generating a ROI (Suspicious Operation Report) and send it to the FIU (Financial Information Unit).
Who can’t buy the 200 dollars?
Currently, due to multiple exchange restrictions, the following groups they can’t buy the 200 dollars allowed per month:
- Who bought dollar MEP or CCL in the last 90 days
- Who bought cryptocurrency, notes or Cedears in the last 90 days
- Who received salaries through the Production and Work Assistance program (ATP)
- Who charge social plans o state aid as the AUH
- Monotributistas that they have in progress credits at a subsidized rate
- Who they do not have their declared income
- Joint holders of bank accounts
- Those who spent their quota of u$s200 with a card (includes, for example, the payment of Netflix or Spotify in dollars)
- Those who have a 12 installment payment plan for credit card debts
- Who refinanced their debts with banks for personal, pledge or mortgage loans
- Recipients of the income reinforcement that was paid in May and June 2022
- Those who receive the state subsidies for the payment of the electricity and gas rates
- Those who access the new pension moratorium
Who can buy 200 dollars per month?
All the people that are not in any of the groups mentioned above you can buy the 200 dollars per month.
However, although the dollar savings has a lower price, plus you can request the return of perceptions, It is not usually the best option, since it can only be purchased for $200 and its requirements are increasingly difficult to meet.
The return of the savings dollar perceptions are one of the reasons why it is still in demand
How many dollars can a person buy?
Depending on the “method” they use are the amount of Dollars that a person can buy, so there is no defined “limit”.
In the case of mep dollar You simply buy an asset that is quoted in both currencies and then sell it in the desired currency.
For example, for buy dollars an asset such as the GD30 bond is purchased in pesos and then sold in its variant “D” (GD30D) to obtain dollars. The division between the pesos paid and the dollars obtained yields a implicit exchange rate.
As for other exchange rates such as the crypto dollar, the cryptocurrency is simply purchased and paid with the desired payment method. It should be remembered that, except for the Dolar blue” and the crypto dollar acquired through the P2P market, must be Justify the source of funds.
