Bye-bye BCRA?

An Argentine presidential candidate proposes abolishing the central bank and the peso

The Central Bank of Argentina
The Central Bank of Argentina
Photo: Javier Pierini

Managing the Central Bank of Argentina (BCRA) is a thankless job. The peso has lost almost half its value at the official rate over the past year. The unofficial exchange rate is usually around twice the official one.

Because exporters can get a better price for dollars on the informal market, the central bank’s international reserves are perpetually near exhaustion. Inflation was 114.2% year on year in May, official statistics show.

In a bid to channel dollar flows, the BCRA has for several

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.