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

28,607,718

2026-09-16 : 28,607,718

Daily Variation

-0.1%

2026-09-15 : 28,650,288

Monthly Variation

-0.2%

2026-08-16 : 28,671,689

Annual Variation

+21.3%

2025-09-16 : 23,593,148

2 Year Variation

+95.9%

2024-09-16 : 14,600,609

3 Year Variation

+443.3%

2023-09-16 : 5,265,466

5 Year Variation

+1219.7%

2021-09-16 : 2,167,784

10 Year Variation

+5702.1%

2016-09-16 : 493,059

Bills and Coins Held by the Public

Last

26,481,834

2026-09-16 : 26,481,834

Daily Variation

-0.1%

2026-09-15 : 26,518,151

Monthly Variation

+0.2%

2026-08-16 : 26,424,694

Annual Variation

+22.4%

2025-09-16 : 21,635,586

2 Year Variation

+101.2%

2024-09-16 : 13,159,168

3 Year Variation

+458.0%

2023-09-16 : 4,745,650

5 Year Variation

+1256.3%

2021-09-16 : 1,952,532

10 Year Variation

+5884.4%

2016-09-16 : 442,512

Cash at Financial Institutions

Last

2,125,884

2026-09-16 : 2,125,884

Daily Variation

-0.3%

2026-09-15 : 2,132,137

Monthly Variation

-5.4%

2026-08-16 : 2,246,995

Annual Variation

+8.6%

2025-09-16 : 1,957,562

2 Year Variation

+47.5%

2024-09-16 : 1,441,441

3 Year Variation

+309.0%

2023-09-16 : 519,816

5 Year Variation

+887.6%

2021-09-16 : 215,252

10 Year Variation

+4105.8%

2016-09-16 : 50,547

Bank Deposits in BCRA Account

Last

16,830,258

2026-09-16 : 16,830,258

Daily Variation

-4.7%

2026-09-15 : 17,660,622

Monthly Variation

-5.5%

2026-08-16 : 17,815,709

Annual Variation

-5.2%

2025-09-16 : 17,754,714

2 Year Variation

+107.6%

2024-09-16 : 8,106,991

3 Year Variation

+1366.0%

2023-09-16 : 1,148,065

5 Year Variation

+2233.7%

2021-09-16 : 721,175

10 Year Variation

+9109.0%

2016-09-16 : 182,758

Variations Chart

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