Guido Sandleris

Sandleris with the Governor of the Bank of England, Mark Carney in Buenos Aires, November 2018.

Sandleris was born to a middle-class Jewish family in Buenos Aires, Argentina. He graduated from the University of Buenos Aires, received a masters from the London School of Economics, and holds a doctorate from Columbia University.[3][4] He taught Economics at Johns Hopkins University and Torcuato di Tella University.[1]

In the private sector, he carried out consulting and research work for the World Bank, the Inter-American Development Bank, the General Treasury Office and in investment banks and Latin American governments in general.

He was an advisor to the Minister of Economy José Luis Machinea (1999-2001).

Before taking charge of the Central Bank of Argentina in September 2018, he served as Secretary of Economic Policy of the Ministry of Treasury since 2016.[5]

He assumed the presidency of the Central Bank of Argentina after the resignation of Luis Caputo at an extremely difficult time.[6]

As of October 2018, it implemented a strict monetary scheme that included a contraction plan for the monetary base based on high interest rates (from 60% to 70%).[7][8]

He launched the Liquidity Letters, a tool from the Central Bank to limit the amount of money circulating in order to reduce inflation.[9]

In his administration, he applied exchange bands where the dollar could float freely.[10][11] This was backed by the International Monetary Fund and worked perfectly until the outcome of the 2019 primary elections, when Argentine peso was devaluated 25%.[12][13][14]

After this new devaluation, he restricted the purchase of foreign currency by companies, and limited the purchase of dollars by individuals to a maximum of US $ 10,000 per month. After the october general election, restrictions restricted the purchase of dollars to 200 per month.[15][16][17]

He presented his resignation from the Central Bank with an inflation rate of 53% a few days before Alberto Fernández's arrival.[18][19]

• Financial Stability Board (FSB), Ex-Officio Member of Standing Committee on Assessment of Vulnerabilities (since 2018)[20]
• Central American Bank for Economic Integration (CABEI), Ex-Officio Alternate Member of the Board of Governors (since 2018)[21]
• Inter-American Investment Corporation (IIC), Ex-Officio AlternateMember of the Board of Governors (since 2018)[22]
• International Monetary Fund (IMF), Ex-Officio Alternate Member of the Board of Governors (since 2018)[23]
• World Bank, Ex-Officio Alternate Member of the Board of Governors (since 2018)[24]
• Multilateral Investment Guarantee Agency (MIGA), World Bank Group, Ex-Officio Alternate Member of the Board of Governors (since 2018)[25]