M1 comprises currency in circulation outside the banking system and transferable deposits in national and foreign currency. Currency in circulation outside the banking system refers to notes and coins issued by the CBRA less the amount held by banking institutions, including the CBRA. Transferable deposits refer to current account deposits of state and local governments, public nonfinancial corporations, private sector, and residents abroad with banking institutions.
Source: International Monetary Fund
Release: International Financial Statistics
International Monetary Fund, M1 for Argentina© [MYAGM1ARM189N], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/MYAGM1ARM189N, May 5, 2016.