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

Variations Chart

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