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