Pesos to dollars for businesses in Argentina

[glasgowjohn]

how far ahead of your trip can you buy dollars.

my mother in law is going to the USA in April next year - and she has a deal to buy her ticket next week with 18 cuotas with no interest..

with her ticket , can she start buying dollars , as soon as he has her ticket?

 

[Crema Americana]

I read an article that said you can purchase 45 days before your trip. If you check on the AFIP website and enter the information, it should tell you.

 

[ghost]

I'm a little out of the loop on this new regulation because it doesn't affect me. Are dollar accounts in Arg. banks no longer allowed and have existing dollar accounts been converted to Pesos? Or.....can you still have a dollar account but you can not withdraw the funds?

 

[syngirl]

I have an Argentine lawyer friend that is going to Miami and is going to have to rely on her credit card (which isn't a bad idea anyway), but she couldn't get enough dollars for her trip. So I'm not sure how these travel dollars work, but it seems they're not that easy to acquire either.

You enter in your Clave Fiscal to the AFIP website and it will authorise you a certain amount for your trip -- it tells you you can purchase X amount of pesos worth of dollars. You take the code / print a receipt and can go to the bank and purchase.

However yes, limits are low. When my husband went to Mexico last week (on business, so everything paid for by company but they don't know that), he was approved 2700 pesos worth of dollars for a 6 night stay, so about 100 bucks a day when a hotel room alone costs more than that (again, biz pays hotel, but AFIP doesn't know that). In the end he couldn't even purchase them because they only sell dollars between 10am and 3pm and he was out doing an install at a refinery 90km from the nearest bank so couldn't even arrive in time.

What will be interesting is when he asks for dollars for our upcoming trip to Canada. I'm going for 1 month with our son, he is joining us for 2 weeks and then in Mexico again on biz for 1 week. So will be curious to see how many dollars they approve him to buy to support 2 dependents outside of the country for a month (one of whom is in diapers*, which cost a fortune), and himself for 3 weeks.


*Just to clarify, it's the baby in the diapers not me

 

[syngirl]

I read an article that said you can purchase 45 days before your trip. If you check on the AFIP website and enter the information, it should tell you.

For the person purchasing the trip in cuotas, I suspect they will not be authorised to purchase dollars until they have their ticket issued, whenever that happens (not sure how it works when you pay in cuotas)

In order to purchase you have to:

Los datos a suministrar son:
1. Clave Única de Identificación Tributaria (C.U.I.T.), Código Único de Identificación Laboral (C.U.I.L.) o tipo y número de documento de identidad.
2. Apellido y nombres.
3. Fecha de nacimiento.
4. Actividad laboral o profesional.
5. País de destino y escalas.
6. Motivo del viaje.
7. Fecha de salida.
8. Fecha de regreso.
9. Clave Única de Identificación Tributaria (C.U.I.T.) del operador turístico, agencia de viajes o similar, costo del viaje, cantidad de cuotas y forma de pago de las cuotas: tipo de moneda, vencimiento, etc., de corresponder.
10. Medio de transporte.
11. Cantidad solicitada en pesos para la adquisición de divisas.

http://www.infobae.com/notas/650111...mprar-dolares-y-poder-viajar-al-exterior.html


THEN, it's important to note:

If your trip is cancelled, or if the date is changed to more than 10 dias habiles beyond your original departure date, you have to return the dollars within 5 dias habiles and repurchase.

http://www.ieco.clarin.com/economia/Migraciones-controles-vigilar-compra-dolares_0_733126694.html

Es porque el Banco Central decidió que el que compró dólares para viajar, y por alguna razón no concretó el viaje, tendrá cinco días hábiles para devolver los dólares que le vendieron.
Todo está explicado en la circular A 5318. Ahí el BCRA estableció que “el cliente asume el compromiso de reingreso de los fondos dentro de los 5 días hábiles siguientes, en el caso de suspensión del viaje. Las postergaciones de fecha por más de 10 días hábiles se considerarán como suspensiones del viaje por el cual se solicitó el acceso al mercado local de cambios”.

 

[syngirl]

I'm a little out of the loop on this new regulation because it doesn't affect me. Are dollar accounts in Arg. banks no longer allowed and have existing dollar accounts been converted to Pesos? Or.....can you still have a dollar account but you can not withdraw the funds?

Dollar accounts still exist, but I think you'd have to be very brave or very stupid to keep many dollars in them anymore.

My husband withdrew all of his but 500 bucks. Since you're not allowed to use his Argentine Pesos account abroad and you're only allowed to withdraw from your USD account, he keeps some dollars in his account in an emergency when outside the country.

Somewhere down the road the govt will announce that banks are no longer allowed to open USD accounts for clients and that all USD accounts will be converted to pesos as of.... oh minutes before the announcement was made so that no one has the option of draining their accounts.

 

[ghost]

Dollar accounts still exist, but I think you'd have to be very brave or very stupid to keep many dollars in them anymore.

My husband withdrew all of his but 500 bucks. Since you're not allowed to use his Argentine Pesos account abroad and you're only allowed to withdraw from your USD account, he keeps some dollars in his account in an emergency when outside the country.

Somewhere down the road the govt will announce that banks are no longer allowed to open USD accounts for clients and that all USD accounts will be converted to pesos as of.... oh minutes before the announcement was made so that no one has the option of draining their accounts.

Thanks. Just as I suspected and your projection of pesification is right on. When the blue market hits 7 the accounts will sweep at 4.5. It's so typical of this Klan.