How much is the Arg. peso really worth?

[HenryNisental]

How much does the BRU will charge you for the 1,000 USD ?

 

[Rich One]

How much does the BRU will charge you for the 1,000 USD ?

Don't have current info and if that option available now!

 

[Rich One]

The new official dollar Value announced by Ministro Guzman for 2021 by the Government is $102 pesos , thus taking the final price to around $130 with the 35% tax added.. What will that do to the Blue perhaps $180 at least..?

 

[Ceviche]

rich one..will you continue to bless us with yr presence here or planning to leave?

 

[dsp27]

The new official dollar Value announced by Ministro Guzman for 2021 by the Government is $102 pesos , thus taking the final price to around $130 with the 35% tax added.. What will that do to the Blue perhaps $180 at least..?

The 35% retention is ON TOP of the 30% with the PAIS tax. So it's dolar oficial + 65%.
I am 'guilty' of using my ARG debit card abroad paying 103 for the dollar but buying pesos at 130 with WU/Blue. So a ~20% arbitrage.
Thanks BCRA. But they are closing that loophole. It was fun while it lasted.

 

[Rich One]

The 35% retention is ON TOP of the 30% with the PAIS tax. So it's dolar oficial + 65%.
I am 'guilty' of using my ARG debit card abroad paying 103 for the dollar but buying pesos at 130 with W U/Blue. So a ~20% arbitrage.
Thanks BCRA. But they are closing that loophole. It was fun while it lasted.

Disp27

I just quoted today's Infobae News Piece....?

Google translate
"With this measure, buying a dollar will cost about $ 130 after the PAIS Tax and the withholding on account of Profits. Those who do not pay Profits, Tax must process the refund in the future".

Más controles a la compra de dólares: los gastos con tarjeta se descontarán del cupo mensual de USD 200

Así lo anunció el presidente de la entidad, Miguel Pesce, en un paquete de medidas destinado a frenar las ventas de reservas. El dólar solidario tendrá una retención a cuenta de Ganancias del 35 por ciento

www.infobae.com

 

[dsp27]

Disp27

I just quoted today's Infobae News Piece....?

Google translate
"With this measure, buying a dollar will cost about $ 130 after the PAIS Tax and the withholding on account of Profits. Those who do not pay Profits, Tax must process the refund in the future".

Más controles a la compra de dólares: los gastos con tarjeta se descontarán del cupo mensual de USD 200

Así lo anunció el presidente de la entidad, Miguel Pesce, en un paquete de medidas destinado a frenar las ventas de reservas. El dólar solidario tendrá una retención a cuenta de Ganancias del 35 por ciento

www.infobae.com

Yes that's right. In my case, and in the case of most expats I think it would be hard to get the 35% retention back from the AFIP.
So I need to stop using my ARG card abroad as of tomorrow to avoid overpaying. Up until today I was getting a nice 20% discount on most purchases.

 

[jblaze5779]

Why didn't I think of this...

 

[antipodean]

I understand that CCL will now be off limits to non-residents. Goodbye favorable WU rates from tomorrow?

 

[dsp27]

I understand that CCL will now be off limits to non-residents. Goodbye favorable WU rates from tomorrow?

Why would that be? The CCL was just a reference rate WU used. CCL will still continue to exist. So WU should follow that rate for the time being. I think the CCL will actually be up for some time. Let's see how the market reacts tomorrow.