The US currency in the parallel market started the day with a price of $281 for purchase and $285 for sale.
The official dollar, which is controlled by the Central Bank (BCRA) opened the exchange round at $143 for purchase and $151 for sale at Banco Nación.
In order to curb the existing pressure on free quotes -CCL and MEP- the Central Bank (BCRA) prohibits companies that operated with the “soybean dollar” from buying dollars.
This measure, for the moment, affects companies and does not include “individuals”.
The former Minister of Economy Sunday Horse He spoke on LN+ about the current economic situation and pointed out that it is “impossible” to apply convertibility under the current scheme.
“A plan like that requires trust and legal certainty, two things we don’t have. Therefore, if tomorrow a law is enacted that dollarizes the economy under Argentine law, it will be very difficult for citizens to believe that contracts in dollars will later be maintained. There are no guarantees,” he explained.
The Central Bank (BCRA) prohibited those who are registered in electricity and gas subsidies, and now also to water, have access to the purchase of “dollar savings”. In addition, these people will not be able to operate the MEP dollar, cash with liquidation or cedars.
“Dollars are not elastic, you have to manage them well,” said the Minister of Economy Serge Massa in its most recent meeting with the Argentine Industrial Union (UIA) and announced that, in the coming days, Economy will present a mechanism to organize foreign trade.
To carry out purchases outside the country with a card, Argentina has a regulation that increases its cost. To find out what the final value to pay is, to the cost of the retail dollar must be added 30 percent corresponding to the PAIS tax and another 45 percent on account of the Income Tax.
This was detailed by the Indec in a report that contemplates the funds housed in bank accounts declared abroadthe money hoarded in security boxes or banknotes stored “in the mattress”, both in dollars as in other currencies.
The figure published by the agency is 3.2 percent higher compared to the amount estimated a year ago of US$249,971 million.
In an interview with LA NACION, Nicholas Pine, president of the Argentine Rural Society (SRA), complained about the “unilateral decisions” made by the national administration and pointed out the breakdown of confidence generated by the last market interventions. Along the same lines, he qualified that “an increase in the aliquots” would have generated income of “more than 700 million dollars”.
Secretary of Commerce, Matias Tombolinitogether with representatives of the Argentine Industrial Chamber of Clothing (CIAI) and related companies, signed an agreement by which the sector undertakes to maintain until December 1 the prices of clothing existing on the 5th of this month.
This agreement, which seeks to guarantee a reasonable supply to the marketincludes the prices of more than 60 brands that will be available throughout the country in shopping malls, supermarkets, and the brands’ own stores.
In the second trimester, average per capita household income (total household income divided by the number of members that compose it) this year was $41,626, which implies a rise of 59.5% compared to $26,024 for the same period in 2021. Indeed, this figure again lost respect to inflation in that period, which was 61.8%.
The collecting entity notified those taxpayers who have assets outside of Argentina and they did not report their holdings in the declarations of the Personal Assets or Income Tax, corresponding to the 2018 fiscal year. According to AFIP calculations, the State lost $2,905,297,644.37 in collections due to the non-declaration of these accounts.
The United States Bureau of Labor Statistics announced that prices averaged a rise of 8.3 percent year-on-year in August and that it had a direct impact on the dollars that Argentines have saved. According to Indec estimates, if 10 years ago an Argentine saved US$10,000, today, with that same amount, he could buy something for US$6,112. Namely, 38.88 percent less.
The ex-president Mauricio Macri He was at La Cornisa (LN+) and questioned the Minister of Economy for his strategy. “All he is doing is buying time. It looks for dollars, but it does not resolve the underlying issues. That’s not how problems are solved, ”he sentenced. In turn, he attacked the unions and the blockades: “It is a country of gangsters. Nobody invests. Nobody wants to invest if we are irresponsible. And if no one invests, there are no jobs.”
This is the name given to the quote made to pay for video and music streaming services from foreign providers, such as HBO, Disney Plus, Spotify and Amazon Prime. To calculate it, an 8 percent COUNTRY tax is applied, but 21 percent VAT and 45 percent must be paid on Profits account. In other words, when an Argentine hires this type of service, he has to take into account that he will obtain a 74 percent surcharge.
The dollar wholesaler closed at $145.16. For its part, the dollar CCL it stood at $312.16. The MEP, at $302.95. And the blueat $285.
Today, the Central Bank (BCRA) was able to make the second of the largest purchases of reserves since the soybean dollar came into force: it raised another US$340 million for its net reserves, which were reinforced by some US$3.1 billion so far this month (already around US$4 billion) thanks to this incentive.