Guido Sandleris

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Guido Sandleris
President of the Central Bank of Argentina
In office
25 September 2018 – 9 December 2019
Preceded byLuis Caputo
Succeeded byMiguel Ángel Pesce
PresidentMauricio Macri
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 and was President of the Central Bank of Argentina between 2018 and 2019.[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. 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]

Economist

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 Finance of the Argentine Nation since 2016.[5]

President of the 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 (Leliq), a tool with which the Central Bank tried 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 (from $34 to $44 and then from $39 to $51). This was backed by the International Monetary Fund and worked perfectly until the outcome of the 2019 primary elections, when a new exchange jump would occur where the dollar would touch the $60.

In December 2018, it issued a regulation that makes control of money laundering more flexible, so the Central Bank announced that it will stop demanding money laundering reports of operations suspected of money laundering, and the relaxation of tax evasion controls. and money laundering. This measure was criticized by former Central Bank Director Pedro Biscay who said that "relaxing the system thus facilitates tax evasion and the use of foreign exchange operations to channel money of any crime.

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. ^ https://www.utdt.edu/ver_contenido.php?id_contenido=2691&id_item_menu=5231
  4. ^ Nicolas Misculin (September 25, 2018), Argentina names Sandleris as new central bank chief - statement Reuters.
  5. ^ https://www.argentina.gob.ar/noticias/guido-sandleris-nuevo-secretario-de-politica-economica-del-ministerio-de-hacienda-de-la
  6. ^ Members of Standing Committee on Assessment of Vulnerabilities [[Financial Stability Board (FSB).
  7. ^ Board of Governors Central American Bank for Economic Integration (CABEI).
  8. ^ Board of Governors Archived 2018-11-04 at the Wayback Machine Inter-American Investment Corporation (IIC).
  9. ^ Members International Monetary Fund (IMF).
  10. ^ Board of Governors World Bank.
  11. ^ Board of Governors Multilateral Investment Guarantee Agency (MIGA), World Bank Group.
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