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What are BCRA reserves?
They are the funds in dollars or other foreign currencies that the country has to be able to import, pay debt, intervene in the financial market or do tourism abroad, among other reasons. They arise from exports or credits to which the country has access and are controlled by the Central Bank of the Argentine Republic (BCRA). They can include public funds, such as those from loans, and private funds, such as those that savers have deposited in the bank, known as reserves: funds that have to be immobilized in the Central Bank to meet the demand for cash of its depositors and obligationists.
What is the MEP dollar or Stock Market
It is a dollar that is acquired through a legal operation similar to that of “contado con liqui”, with the difference that the currencies are kept in the country. It is done online: the investor buys a bond in pesos that is also quoted in dollars and sells it in foreign currency.
What is the Soy Dollar
With the aim of promoting the liquidation of soybean exports and strengthening the Central Bank’s reserves, the Government announced at the beginning of August 2022 a new regime for exporters of the oilseed. This special regime was extended and in September 2023 the fourth edition of the Soy Dollar was launched. In that case, 75% of the equivalent value of exports of soybeans and derivatives “must be entered into the country in foreign currency and negotiated through the Free Exchange Market (MLC), while the remaining 25% will be freely available.”
10:56 – Dollar today, The blue dollar
The blue dollar has a purchase price of $1,245.00 and a sale price of $1,275.00, while the official dollar is quoted at $872.14 for purchase and $929.52 for sale. This situation generates an exchange gap of 42.75% between both markets.
What time does the dollar open and close?
The official exchange market, both wholesale and retail, operates from Monday to Friday from 10 a.m. to 3 p.m. Operations of the so-called blue dollar, as they are not regulated, do not have a fixed schedule, although they are usually carried out at the same times as in the official market.
What is the wholesale dollar
It is the exchange rate that operates in the wholesale market, in which banks, foreign trade agents and authorized exchange houses operate. With this exchange rate, large-scale sales or purchases are made, so it is usually cheaper than the retail dollar. It does not have a sale price and a purchase price, but rather an entity offers to buy or sell dollars at some price and the other party accepts and validates that price.
Saving or solidarity dollar
It is the dollar that, with a purchase limit of 200 per month, people who are not inhibited can buy through home banking or through an ATM at the bank headquarters. Its value is that of the official dollar, plus 30% of the Tax for an Inclusive and Solidarity Argentina (COUNTRY) and an extra 45% on account of the Income Tax. This can be returned if the taxpayer completes the corresponding procedure with the AFIP. It is also known as the solidarity dollar.
What is the official dollar
It is the reference exchange rate in the country, the price of the dollar without any type of tax or extra. It is also called the “retail dollar”, the one that companies buy or sell to the bank to import. It is the value at which exports are settled, except for those that are framed in some special regime by the government, such as the Soybean Dollar.
10:11 – Dollar today, The blue dollar
The parallel dollar registers a value of $1,250.00 for purchase and $1,280.00 for sale, while the official dollar is located at $873.83 for purchase and $931.20 for sale, respectively. This condition leads to an exchange gap of 43.05% between the official and parallel markets.
