Guido Sandleris | |
---|---|
President of the Central Bank of Argentina | |
In office 25 September 2018 – 9 December 2019 | |
President | Mauricio Macri |
Preceded by | Luis Caputo |
Succeeded by | Miguel Ángel Pesce |
Secretary of Economic Policy | |
In office 15 June 2018 – 25 September 2018 | |
President | Mauricio Macri |
Preceded by | Sebastián Galiani |
Succeeded by | Miguel Braun |
Personal details | |
Born | 11 May 1971 |
Political party | Independent |
Other political affiliations | Cambiemos (2015–present) |
Education | University 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]
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]
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.[6]
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]