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
28,631,191
2026-09-02 : 28,631,191
Daily Variation
+0.1%
2026-09-01 : 28,595,242
Monthly Variation
-0.6%
2026-08-02 : 28,793,896
Annual Variation
+20.8%
2025-09-02 : 23,696,789
2 Year Variation
+98.8%
2024-09-02 : 14,404,519
3 Year Variation
+453.5%
2023-09-02 : 5,172,371
5 Year Variation
+1227.1%
2021-09-02 : 2,157,410
10 Year Variation
+5739.1%
2016-09-02 : 490,332
Bills and Coins Held by the Public
Last
26,494,023
2026-09-02 : 26,494,023
Daily Variation
+0.1%
2026-09-01 : 26,473,775
Monthly Variation
-0.1%
2026-08-02 : 26,516,152
Annual Variation
+23.0%
2025-09-02 : 21,544,826
2 Year Variation
+105.5%
2024-09-02 : 12,892,370
3 Year Variation
+476.5%
2023-09-02 : 4,595,481
5 Year Variation
+1278.1%
2021-09-02 : 1,922,558
10 Year Variation
+5937.9%
2016-09-02 : 438,797
Cash at Financial Institutions
Last
2,137,168
2026-09-02 : 2,137,168
Daily Variation
+0.7%
2026-09-01 : 2,121,467
Monthly Variation
-6.2%
2026-08-02 : 2,277,744
Annual Variation
-0.7%
2025-09-02 : 2,151,963
2 Year Variation
+41.3%
2024-09-02 : 1,512,149
3 Year Variation
+270.5%
2023-09-02 : 576,890
5 Year Variation
+810.0%
2021-09-02 : 234,852
10 Year Variation
+4047.0%
2016-09-02 : 51,535
Bank Deposits in BCRA Account
Last
17,716,099
2026-09-02 : 17,716,099
Daily Variation
-4.9%
2026-09-01 : 18,620,836
Monthly Variation
+1.8%
2026-08-02 : 17,399,726
Annual Variation
-1.5%
2025-09-02 : 17,985,563
2 Year Variation
+104.2%
2024-09-02 : 8,675,099
3 Year Variation
+1123.3%
2023-09-02 : 1,448,204
5 Year Variation
+2055.1%
2021-09-02 : 822,039
10 Year Variation
+8662.1%
2016-09-02 : 202,189