Guido Sandleris

Guido Martín Sandleris (born 11 May 1971) is an Argentine economist who was President of the Central Bank of Argentina.

Early life and education 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. His grandfather had immigrated from Lithuania. He graduated from the University of Buenos Aires, received a masters from the London School of Economics, and holds a doctorate from Columbia University. He taught Economics at Johns Hopkins University and Torcuato di Tella University.

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

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%).

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

In his administration, he applied exchange bands where the dollar could float freely. 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%.

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.

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

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