Miguel Pesce This Sunday, December 10, he will become the only president in the 88 years of history of the Central Bank (BCRA)who held that position throughout the entire mandate of a constitutional head of state, a record that reveals the instability of that position throughout almost nine decades of existence.
Fish He will take ownership of the monetary authority until the end of the presidential term of Alberto Fernández, whom he accompanied from the beginning of his administration, something that none of his predecessors could achieve.
However, there were three presidents of the BCRA who were continuously in office for longer than Fishalthough in no case during a full term of a president of the Nation for six or four years, according to the Constitution in force.
The presidents of the BCRA
He first president of the Central Bank was the one with the longest permanence: Ernesto Boschwho was at the head of the organization from May 31, 1935 to September 18, 1945, that is 10 years, 3 months and 18 days, in which he was in the final three years of the Presidency of Agustín P. Justo and continued with five other heads of State (Roberto Ortiz, Ramón Castillo and the dictators Arturo Rawson, Pedro Ramírez and Edelmiro Farrell), but in no case did he complete a presidential term.
The second case was that of Roque Fernández, from February 5, 1991 to August 4, 1996 (5 years and 6 months) in two sections of the presidencies by Carlos Menem.
The third and last was Martin Redradowho from September 24, 2004 to January 22, 2010 was in office for 5 years, 3 months and 29 days, also in two presidential terms, although in this case by different leaders (Néstor Kirchner and Cristina Fernández de Kirchner ).
In the first presidency of Juan Domingo Peron (last case of fulfillment of a complete mandate until Menem) there was three presidents of the Central Bank (Miguel Miranda, Domingo Maroglio and Alfredo Gómez Morales)while Miguel Revestido accompanied him in the second term, interrupted by the 1955 coup.
Another who could have completed a presidential term was Felix de Elizalde, in front of the central bank throughout the presidency of Arturo Illiainterrupted by the 1966 coup.
Adolfo Diz He was president of the Central Bank during the five years of the Jorge Rafael Videla dictatorship, in tandem with his Minister of Economy, José Alfredo Martínez de Hoz, but in this case it is not a constitutional mandate.
A little history of the BCRA
From Bosch to Pesce, the building on the street Reconquest 266 of the Buenos Aires downtown hosted 56 presidents who, in some cases, held the position on more than one occasion.
In that regard, the record belongs to Egidio Ianella, in charge of ownership of the monetary authority in 1969/70 (during the dictatorship of Roberto Levingston and with Carlos Moyano Llerena as Minister of Economy), June 1981 to July 1982 (dictatorships of Roberto Viola and Leopoldo Galtieri, with Lorenzo Sigaut and Juan Alemann at the head of the Palacio de Hacienda) and 26 days between November and December 1989 (Presidency of Menem and ministries of Néstor Rapanelli and Antonio Erman González).
With two administrations it was Alfredo Gomez Moralesbut with a gap of 20 years between one and the other: its first participation was between 1949 and 1952. At the end of Perón’s first presidency, with Ramón Cereijo as Minister of Finance, and between 1973 and 1974 with four presidents (Héctor Cámpora, Raúl Lastiri, Perón and María Estela Martínez de Perón) and a single Minister of Economy, José Ver Gelbard.
They were also twice Antonio Miceleon both occasions during the dictatorship of Juan Carlos Onganía and with Jorge Salimei as Minister of Economy and Labor), Enrique García Vázquez (at the beginning and at the end of the Presidency of Raúl Alfonsín, the first time with Bernardo Grinspun and the second with Juan Carlos Pugliese and Jesús Rodríguez in Economics) and Javier González Fraga (both times with Menem, first with Miguel Roig and Rapanelli and then with González).
A unique case was that of Eugenio Folciniwho was simultaneously President of the BCRA and Minister of Finance during the dictatorship of Eduardo Lonardi and who also had a son, Enrique, who presided over the monetary authority for two months in 1990.
In addition to Folcini, eight other presidents of the Central Bank were later ministers of Economy: the aforementioned Gómez Morales, Antonio Erman González and Roque Fernández, in addition to Eugenio Blanco, Emilio Mondelli, Domingo Cavallo, José Luis Machinea and Alfonso Prat-Gay, in a list that Luis Caputo will join starting next Sunday.
Source: Ambito
