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