Savers are turning to this alternative, which is cheaper and doesn’t have the US $ 200 limit. What could happen in the coming weeks?
There is an unexpected ally to him central bank in their battle against the dollar. The fall of banknotes in the Stock Market (so called ASE dollar) that yesterday was below the “unity” ($ 142 the official taxes plus $ 139 each operated in the market), makes many of the buyers through home banking go to buy tickets through Stock Exchange. The old wish of the BCRA and the Ministry of Economy: that the dollars are donated by the private sector and not the Central.
New savers, same search
You can buy the amount you want. And, as a final incentive, a week ago the Government reduced the parking (a period of holding the title before selling it and getting the money) from 3 to 2 days – which reduces the risk of the transaction-.
The super dollar trap implemented in mid-September had a strong impact on the purchase of US banknotes by individuals. In particular, US savers netted $ 339 million in October (latest official data). Fundamentally divided into:
-Changes for hoarding (u $ s199 million, a decrease of 68% compared to the previous month, as a result of the regulatory changes introduced in mid-September).
-Expenses made with cards for consumption abroad (about US $ 102 million, with a 74% fall compared to the same month the previous year, within the framework of continued border closures due to the COVID-19 pandemic).
Stocks set up in 2019 will wait for several more years until there are dollars
The stocks came to a standstill
In September, for example, there were 3.4 million buyers of the “unity”, which totaled US $ 631 million. And in August, the highest demand this year was 4 million, with a total purchase of US $ 950 million.
In this way, the number of people accessing the official market is well below last year’s numbers. In September 2019, only by operating “lightweight stocks” with a quota of US $ 10,000 per head, about 1.7 million savers totaled US $ 2,891 million.
Know the dollar value of Dollar Today and follow the price and behavior per minute. CLICK HERE