In accordance with the provisions of Article 3 of its Organic Charter, the first objective of the Central Bank of the Argentine Republic (BCRA) is to promote the stability of Argentina. That is why, during 2016
Significant efforts have been made to consolidate a sustained process of disinflation, laying the foundations for the establishment of a formal regime of inflation rates of between 12% and 17% by 2017, from 8% to 12%
for 2018 and 5% for 2019.
The second objective of the BCRA is to maintain the stability of the financial sector and promote its growth. In this sense, during 2016 a set of initiatives have been put into operation aimed at styring savings in
National Society, facilitate access to credit and increase the scope and efficiency of the financial system.
The third objective, development with social equity, requires a financial framework deep enough to make it possible to channel savings into investment and the provision of resources for all those who want to do so.
has a productive project, needs to stabilize their business against interference, decides to train or seeks to improve their home.
By mobilizing savings, reallocating resources, and diversifying risks, financial services can increase investment productivity. Greater efficiency in the allocation of resources and the consequent reduction of
risk has, asirnisrno, important irnplicancies in areas of greater financial stability.
Banking penetration facilitates, among other things, that money can be fulfilled with its function as a payment order. In this regard, and in line with the global trend, in 2016 they have become oriented measures
to encourage the use of electronic payment cards. This contributes to economic development since the use of electronic payment cards and facilitating their access to the entire population is equivalent to
to hinder organized crime, drug trafficking and money laundering.
Banking penetration, in turn, contributes to the forrnalization of the economy by allowing more efficient tax burdens and greater equity in their distribution. Electronic money, on the other hand, being a liability of the entities
The financial institutions (EFIS) allow payment orders to be channeled through the financial system to credit and constitutes a fundamental step towards financial inclusion.
Based on these guiding guidelines aimed at promoting greater equality of opportunities, the BCRA presents this report for the knowledge of the community.
