Monetary Base Components

Monetary Circulation is banknotes and coins held by the public and financial institutions, plus cheques cancelatorios. Bills and Coins (Billetes y Monedas) is monetary circulation minus cash held by financial institutions. Cash at Financial Institutions is the peso cash held by banks and other financial entities. Bank Deposits are current account deposits in pesos that financial institutions hold at the BCRA, which also form part of the monetary base.

Monetary Base Components

Values expressed in Millions of Pesos

Variations

Monetary Circulation

Last

28,677,035

2026-09-08 : 28,677,035

Daily Variation

-0.1%

2026-09-07 : 28,702,525

Monthly Variation

-0.2%

2026-08-08 : 28,724,073

Annual Variation

+21.2%

2025-09-08 : 23,651,913

2 Year Variation

+97.9%

2024-09-08 : 14,487,327

3 Year Variation

+446.6%

2023-09-08 : 5,246,476

5 Year Variation

+1220.9%

2021-09-08 : 2,171,006

10 Year Variation

+5661.0%

2016-09-08 : 497,778

Bills and Coins Held by the Public

Last

26,471,601

2026-09-08 : 26,471,601

Daily Variation

-0.2%

2026-09-07 : 26,522,601

Monthly Variation

+0.2%

2026-08-08 : 26,424,090

Annual Variation

+22.3%

2025-09-08 : 21,647,354

2 Year Variation

+103.6%

2024-09-08 : 13,000,109

3 Year Variation

+460.2%

2023-09-08 : 4,725,700

5 Year Variation

+1250.8%

2021-09-08 : 1,959,659

10 Year Variation

+5798.0%

2016-09-08 : 448,821

Cash at Financial Institutions

Last

2,205,434

2026-09-08 : 2,205,434

Daily Variation

+1.2%

2026-09-07 : 2,179,924

Monthly Variation

-4.1%

2026-08-08 : 2,299,983

Annual Variation

+10.0%

2025-09-08 : 2,004,559

2 Year Variation

+48.3%

2024-09-08 : 1,487,218

3 Year Variation

+323.5%

2023-09-08 : 520,776

5 Year Variation

+943.5%

2021-09-08 : 211,347

10 Year Variation

+4404.8%

2016-09-08 : 48,957

Bank Deposits in BCRA Account

Last

16,827,251

2026-09-08 : 16,827,251

Daily Variation

-6.9%

2026-09-07 : 18,065,682

Monthly Variation

-3.7%

2026-08-08 : 17,465,896

Annual Variation

-9.4%

2025-09-08 : 18,582,459

2 Year Variation

+83.0%

2024-09-08 : 9,196,100

3 Year Variation

+1188.5%

2023-09-08 : 1,305,953

5 Year Variation

+2032.9%

2021-09-08 : 788,923

10 Year Variation

+8218.7%

2016-09-08 : 202,282

Variations Chart

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