The current stocks on the dollar forces many people to have access to the North American currency through alternative markets to the official one, with the vast majority of people buying these currencies at the price that today is known as " Blue ". But while this is an illegal option, there are several legal methods with which to buy dollars with the savings in pesos.

The three main ones, and whose minute-by-minute price can be found here, are the MEP dollar , the Contado con Liquidación ( CCL ) and the Solidario dollar, while it is also possible to obtain dollars through the purchase of Argentine Deposit Certificates ( Cedears ), acquiring cryptocurrencies that are quoted both in pesos and in foreign currency or carrying out a Bilateral Negotiation Segment ( Senebi ) -although the latter is only for those who want to carry out large transactions-.

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SOLIDARITY DOLLAR

The first option is the Solidarity Dollar, which can be obtained officially with a cap of US $200 per month - which is affected by consumption in dollars made with credit cards -.

On the other hand, the limitations to those who can access it are many, since employees of companies that have received state aid to pay salaries, beneficiaries of social plans, co-holders of bank accounts that have already used the quota in the month, people who have refinanced their credit card debts, mortgage debtors with a refinancing plan, those who do not have declared income, debtors of zero-rate loans for monotributists and companies .

To this is added that carrying out this operation blocks the possibility of buying the MEP dollar for the next 90 days -something that is fulfilled in reverse with the purchase of the MEP dollar blocking Solidario operations in the same period of time-.

MEP DOLLAR

On the other hand, there is the MEP Dollar , which is a way of accessing the North American currency through the purchase of bonds that are quoted in both pesos and dollars. This is the most recommended exchange rate for savers with few funds, mainly because it is the most accessible and with fewer bureaucratic obstacles .

In order to access it, you must buy a debt letter in pesos that can then be sold in dollars, with the only limitation that you must wait 24 hours to make the transaction . The transaction can be done through a Stock Exchange or through investment applications offered by different banking entities.

CCL DOLLAR

The Cash Settlement Dollar (CCL) is seen as the first alternative to the MEP dollar used by retailers, since it is basically the same procedure but with the difference that the purchased bond must be sold in a market outside the country and not in the National territory.

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This is why it is seen as a much more limited operation than the purchase of the MEP Dollar, since it requires a bank account outside the country and has a limit of US $35,000 per month - something that is not usually a problem for retailers but which tends to keep wholesale investors away from this operation -.

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CRYPTO DOLLAR

The Crypto Dollar exchange market is one that is not regulated nor does it have quotes that can be followed minute by minute , since it is relatively new compared to the other ways of accessing the currency. Specifically, it is about buying cryptocurrencies that are listed in both currencies in pesos and then selling them at their price in dollars.

The main advantage of this operation is that it does not have any type of parking, so they can be bought and sold on the same day. The problem is that it is a relatively new market and without any type of regulation , so when entering it there is usually no guarantee that the operation will be successful . Among the most used cryptocurrencies to make these movements are the USDT or DAI , two tokens whose variation usually follows the official dollar 1 to 1 .

CEDEAR DOLLAR

The purchase of dollars through the Cedears is a very striking option but it can be complicated for people inexperienced in the stock market. To understand how it works, you need to know that Cedears are certificates of deposit in Argentina with which you can access shares of companies listed on foreign exchanges.

With this in mind, each share of a company abroad is equivalent to a specific number of Cedears (for example, in the case of Apple , it is 10 certificates for each share), so that number of certificates must be obtained in order to gain access to a share in the foreign market .

The main problem with this operation is that the price -as it happens with the Crypto Dollar- varies depending on the prices that are handled in the financial market at the time of carrying it out, while commissions are usually another reason that discourages its purchase. . Despite this, it is seen as the alternative to the CCL Dollar, since it allows funds to be sent outside the country without having a bank account abroad .

SENEBI DOLLAR

Finally, there is the option most used by wholesalers (and which is recommended only for exchanging large amounts of currency). The Senebi Dollar . It is important to understand that this type of exchange is carried out through a bilateral negotiation segment, an operation between two parties that agree to exchange pesos for dollars .

The reality is that it is only possible to access this type of exchange (which is also usually more expensive) through a Stock Exchange , while you must also be a qualified investor and have a large amount to exchange . In particular, it is not the most viable option to exchange pesos for dollars (and it is not for retailers ).