Wikipedia

Guido Sandleris

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

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

Early life and education

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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

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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

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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

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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

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References

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  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.
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