Dollar Savings

[goodboyjakey]

I was having an argument with my friend about being able to open a dollar savings account. She insisted that it was now allowed to which I disagreed.
I thought the only 'dollar clamp ' restriction that had been lifted was on the ability to buy dollars for foreign travel.

 

[Dublin2BuenosAires]

you can buy dollars for saving "tendencia de moneda extranjero" via the AFIP website too. Same screen buy your travel money. should be 2 options, you need a CUiL and to have done the tramite to register for your clave fiscal.

once you buy your dollars (can buy euros too) you have 2 options. Collect 80% in cash from yr bank and leave 20% to claim at the end of the financial year or take 100% deposited to an account were you can only withdraw after 1 yr. I dont know if anyone would trust the banks or govt or future exchange rate sufficiently to "look after" that money for a year and then allow them to withdraw in dollars. Never heard of anyone selecting the latter option. If you did select it tho, i suppose they have to credit a USD locally held bank sccount? not sure.

ps...availing of either option makes you a vulture apparently.

 

[ajoknoblauch]

you can buy dollars for saving "tendencia de moneda extranjero" via the AFIP website too. Same screen buy your travel money. should be 2 options, you need a CUiL and to have done the tramite to register for your clave fiscal.

once you buy your dollars (can buy euros too) you have 2 options. Collect 80% in cash from yr bank and leave 20% to claim at the end of the financial year or take 100% deposited to an account were you can only withdraw after 1 yr. I dont know if anyone would trust the banks or govt or future exchange rate sufficiently to "look after" that money for a year and then allow them to withdraw in dollars. Never heard of anyone selecting the latter option. If you did select it tho, i suppose they have to credit a USD locally held bank sccount? not sure.

ps...availing of either option makes you a vulture apparently.

Only vultures would want to prevent the government from confiscating their savings when more important matters beckon.

 

[Davidglen77]

you can buy dollars for saving "tendencia de moneda extranjero" via the AFIP website too. Same screen buy your travel money. should be 2 options, you need a CUiL and to have done the tramite to register for your clave fiscal.

once you buy your dollars (can buy euros too) you have 2 options. Collect 80% in cash from yr bank and leave 20% to claim at the end of the financial year or take 100% deposited to an account were you can only withdraw after 1 yr. I dont know if anyone would trust the banks or govt or future exchange rate sufficiently to "look after" that money for a year and then allow them to withdraw in dollars. Never heard of anyone selecting the latter option. If you did select it tho, i suppose they have to credit a USD locally held bank sccount? not sure.

ps...availing of either option makes you a vulture apparently.

Not to burst anyone's bubble, but the only way to be authorized to buy dollars is if you have a registered full time job on the books (en blanco) as they call it here. The minimum income requirement is $7200 per month, and you are allowed to buy 20% of your monthly income in pesos, in dollars, with a maximum of $2000 USD per month. So if you earn $7200 per month in pesos, you would be authorized to buy $1440 pesos worth of USD at the official rate plus 20% which would be around $9,95 pesos per dollar. That comes out to a grand total of about $145 USD to you. Thanks Cristina!!

 

[Dublin2BuenosAires]

Not to burst anyone's bubble, but the only way to be authorized to buy dollars is if you have a registered full time job on the books (en blanco) as they call it here. The minimum income requirement is $7200 per month, and you are allowed to buy 20% of your monthly income in pesos, in dollars, with a maximum of $2000 USD per month. So if you earn $7200 per month in pesos, you would be authorized to buy $1440 pesos worth of USD at the official rate plus 20% which would be around $9,95 pesos per dollar. That comes out to a grand total of about $145 USD to you. Thanks Cristina!!

If you earn 7200 per month i suspect buying dollars wont be your primary concern! I wasnt aware of the figures as I have never seen them published.

 

[Gringoboy]

According to LN, it's not any easier nowadays.
http://www.lanacion.com.ar/1715833-bloqueo-la-afip-la-venta-de-dolares-a-los-monotributistas

 

[Crema Americana]

Yea, I thought I had heard recently they stopped allowing this deal.
I'm starting to lose track between dolar blue, dolar de ahorro, dolar turista, airplane ticket tax, credit card tax %, etc etc.

 

[Dublin2BuenosAires]

The recent tightening of the rules applies to monotributistas, a special tax category of self employed. If you're a normal peso slave you can still get your dirty vulture claws on them. :lol:

 

[Gringoboy]

What a brilliant way to encourage enterprise and free thinking.