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
29,571,184
2026-11-03 : 29,571,184
Daily Variation
+0.7%
2026-11-02 : 29,355,590
Monthly Variation
+2.5%
2026-10-03 : 28,859,157
Annual Variation
+26.0%
2025-11-03 : 23,466,598
2 Year Variation
+89.7%
2024-11-03 : 15,588,184
3 Year Variation
+402.7%
2023-11-03 : 5,882,913
5 Year Variation
+1214.5%
2021-11-03 : 2,249,683
10 Year Variation
+5677.4%
2016-11-03 : 511,843
Bills and Coins Held by the Public
Last
26,971,999
2026-11-03 : 26,971,999
Daily Variation
-0.2%
2026-11-02 : 27,025,309
Monthly Variation
+0.9%
2026-10-03 : 26,720,795
Annual Variation
+26.0%
2025-11-03 : 21,412,559
2 Year Variation
+95.6%
2024-11-03 : 13,791,079
3 Year Variation
+417.5%
2023-11-03 : 5,212,260
5 Year Variation
+1234.8%
2021-11-03 : 2,020,604
10 Year Variation
+5841.2%
2016-11-03 : 453,979
Cash at Financial Institutions
Last
2,599,185
2026-11-03 : 2,599,185
Daily Variation
+11.5%
2026-11-02 : 2,330,281
Monthly Variation
+21.6%
2026-10-03 : 2,138,362
Annual Variation
+26.5%
2025-11-03 : 2,054,039
2 Year Variation
+44.6%
2024-11-03 : 1,797,105
3 Year Variation
+287.6%
2023-11-03 : 670,653
5 Year Variation
+1034.6%
2021-11-03 : 229,079
10 Year Variation
+4391.9%
2016-11-03 : 57,864
Bank Deposits in BCRA Account
Last
17,427,639
2026-11-03 : 17,427,639
Daily Variation
-2.6%
2026-11-02 : 17,885,968
Monthly Variation
+1.7%
2026-10-03 : 17,143,016
Annual Variation
-3.0%
2025-11-03 : 17,970,708
2 Year Variation
+78.6%
2024-11-03 : 9,758,949
3 Year Variation
+862.3%
2023-11-03 : 1,811,105
5 Year Variation
+2027.5%
2021-11-03 : 819,164
10 Year Variation
+8932.0%
2016-11-03 : 192,955