Guido Sandleris

Guido Sandleris
President of the Central Bank of Argentina
In office
25 September 2018 – 9 December 2019
PresidentMauricio Macri
Preceded byLuis Caputo
Succeeded byMiguel Ángel Pesce
Secretary of Economic Policy
In office
15 June 2018 – 25 September 2018
PresidentMauricio Macri
Preceded bySebastián Galiani
Succeeded byMiguel Braun
Personal details
Born (1971-05-11) 11 May 1971 (age 53)
Political partyIndependent
Other political
affiliations		Cambiemos (2015–present)
EducationUniversity of Buenos Aires
Columbia University
London School of Economics

Guido Sandleris (born 11 May 1971) is an Argentine economist who was President of the Central Bank of Argentina.[1][2]

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.[3] He graduated from the University of Buenos Aires, received a masters from the London School of Economics, and holds a doctorate from Columbia University.[4][5] He taught Economics at Johns Hopkins University and Torcuato di Tella University.[1]

Private sector

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.

Public sector

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.[6]

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.[7]

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%).[8][9]

He launched the Liquidity Letters, a tool from the Central Bank to limit the amount of money circulating in order to reduce inflation.[10]

In his administration, he applied exchange bands where the dollar could float freely.[11][12] 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%.[13][14][15]

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.[16][17][18]

He presented his resignation from the Central Bank with an inflation rate of 53% a few days before Alberto Fernández's arrival.[19][20]

Other activities

References

  1. ^ a b Millan, Carolina; Olivera Doll, Ignacio; Do Rosario, Jorgelina (September 26, 2018). "Soccer-Loving Academic Pushed Into Hot Seat in Argentina". Bloomberg. Retrieved September 27, 2018.
  2. ^ Mander, Benedict (September 26, 2018). "IMF increases Argentina bailout package to $57bn". Financial Times. Retrieved September 27, 2018.
  3. ^ "Quién es Guido Sandleris, el terapeuta de shock al dólar". Perfil. Noticias. 20 November 2018. Retrieved 31 May 2022.
  4. ^ "Sandleris, Guido | Universidad Torcuato Di Tella". www.utdt.edu.
  5. ^ Nicolas Misculin (September 25, 2018), Argentina names Sandleris as new central bank chief - statement Reuters.
  6. ^ "Guido Sandleris, nuevo Secretario de Política Económica del Ministerio de Hacienda de la Nación". Argentina.gob.ar. June 11, 2018.
  7. ^ "Argentina names Sandleris as new central bank chief". Reuters. 25 September 2018. Archived from the original on 13 October 2018. Retrieved 11 March 2019.
  8. ^ "Qué es la base monetaria, la herramienta que usará el BCRA para controlar la inflación - LA NACION". La Nación.
  9. ^ "El dólar pasó los $42 y la tasa de interés se acerca al 66% anual - LA NACION". La Nación.
  10. ^ "Llega el fin de la "era de las Lebac ": opciones para invertir los pesos". La Nación. December 16, 2018.
  11. ^ "Inflación, emisión cero y bandas de no intervención: Las principales frases de Sandleris - LA NACION". La Nación.
  12. ^ "Freno al dólar. El Banco Central congela la banda cambiaria hasta fin de año - LA NACION". La Nación.
  13. ^ "Dólar en mínimo desde el inicio de la "zona"". www.ambito.com.
  14. ^ "Dólar tuvo mayor suba diaria en era Sandleris: saltó 3,7% y rozó $ 40". www.ambito.com.
  15. ^ "Desde las PASO, los depósitos en dólares registraron caída del 40%". 3 November 2019.
  16. ^ "Cepo. Endurecen el cepo cambiario y sólo se podrán comprar US$200 mensuales". La Nación. October 27, 2019.
  17. ^ "Cepo "total": Sólo se podrán comprar 200 dólares por mes". 28 October 2019.
  18. ^ Mander, Benedict; Smith, Colby (September 2019). "Argentina imposes currency controls". Financial Times.
  19. ^ "La inflación de octubre fue de 3,3% y acumuló en doce meses una suba de 50,5%". Infobae. 14 November 2019.
  20. ^ "Guido Sandleris presentó su renuncia como presidente del Banco Central - TN.com.ar". Todo Noticias. December 4, 2019.
  21. ^ Members of Standing Committee on Assessment of Vulnerabilities Financial Stability Board (FSB).
  22. ^ Board of Governors Central American Bank for Economic Integration (CABEI).
  23. ^ Board of Governors Archived 2018-11-04 at the Wayback Machine Inter-American Investment Corporation (IIC).
  24. ^ Members International Monetary Fund (IMF).
  25. ^ Board of Governors World Bank.
  26. ^ Board of Governors Multilateral Investment Guarantee Agency (MIGA), World Bank Group.