The MEP dollars, also known as stock dollars, are a legal way to buy currency from the USA. It is an exchange rate operated by the capital market with fewer purchase restrictions than the so-called “solidarity dollar”.
On the other hand, financial intermediaries that buy MEP dollars They charge a small commission of one to two percent of the total between the purchase and sale of the asset. The values chosen for this purpose are AL30 and GD30 due to market liquidity. Thus, this Tuesday, December 17, the MEP dollar lost 2.14 dollars (+1.7%), falling to 341.89 dollars, about 36 dollars less than the cerulean, which rose 8 dollars to reach a nominal record of 378 dollars.
This is an unusual difference, since both exchange rates tend to operate at almost equal levels, so today it is more attractive to obtain foreign currency on the exchange market than on the parallel market.
Step by step to buy a MEP dollar or dollar bag
To buy MEP dollars either Dollars Stock Market The following steps must be followed:
Open an account at a local broker: To remove the stock market dollar, you need to open an investment account at a local broker or dealer. To trade, you must open an account with one of the intermediary companies, which is free and remote. To do this you must fill out a simple form. and verify your identity.
Deposit of Funds: When the investment account is opened, the amount that the person wishes to exchange must be deposited from a bank account in the name of the same owner. Prior to the operation, the bank account of the client must be activated. CBU in dollars to deposit the money there.
Advance Purchase (MICROCHIP) of GD30 Bonds: To buy MEP dollars, you must purchase a device named in US Pesos and US Currency with Immediate Settlement (MICROCHIP). For this, most investors use the GD30 sub because it has a high trading volume and more stable prices.
Wait one business day with the asset in the portfolio: The interested party must wait one business day, which is the waiting period established by the National Securities Office (CNV), which the subject must spend before the money actually passes. available in the account.
Sale of securities in dollars: after the gap People can sell securities. For this, you must select the option “Instant money” called AL30D / GD30D. Here you must specify the number of shares you want and select the market price.” Once the trade is completed, the floating dollars will be available on the broker's platform and ready to be transferred to the bank account.
Among the fintechs that offer the opportunity to buy MEP dollars Ualá is located, through which Ualintec Capital can operate this type of exchange. “Simple, hassle-free, secure and 100% online.”. People can invest in pesos and access US currency with just a few clicks and have the money in the app within 24 hours.
How to make purchases in MEP Dollars through the Ualá app?
- Enter the Ualá application and in the investments section select the option “MEP dollar“.
- Click on Buy MEP dollars.
- Enter the amount and do click Buy.
- Understand and accept messages.
- Anyone who makes a purchase will see the dollar credited within 24 business hours, and it will be transferred to their checking account in Dollars. Whoever sold received the pesos in Ualá.
- The MEP dollars can be negotiated on weekdays from 11:15 am to 4:15 pm.
What is the MEP Dollar
He MEP dollar, or stock dollar, is a stock market operation resulting from the purchase of certain securities denominated in pesos. which is allowed to sell in US currency.
By having it in the master account one day, as required by regulation, people can sell it and liquidate it locally.
For example, the subtitle was bought by someone who had money in the Finance system. From pesos you earned dollars, which you can transfer to your bank account and have available to use whenever you want.
How is it different from the blue dollar?
In summary, the blue dollar is an informal black market. They are transactions between individuals outside the official market, undeclared effects.
Prerequisites to be able to buy MEP dollars
- You have not purchased Savings in Dollars in the last 90 consecutive days and agrees not to purchase Cash in the next 90 days.
- Absence of letters refinancing or loans in pesos in accordance with the provisions adopted by the BCRA for health emergencies.
- Lack of salaries in companies program participants ATP.
- Paid dues expired and not refinanced the credit card balance within 12 months.
- No benefit from freezing UVA housing subsidy until July 2022.
- Not receive government program subsidies.
How to end subsidies to be able to buy the MEP dollar
The Government will prevent the purchase of Savings Dollars, MEP dollars, CCL Dollars and Cedears by any person who has or has claimed subsidies on their electricity and gas bills. That's why a page was able to voluntarily quit and then gain access to the currency.
To get rid of the electricity and gas subsidy, in this way to access the purchase of the savings dollar, dollar MEP either CCL, it will be necessary:
- Sign up for the Health Access Assignment record (RASE).
- Then go to the Edit section or Delete request.
- There you must enter the ID and the administrative number that you received when you applied for benefits.
- Finally, the option appears Delete Record.