The Central Bank of Argentina released a presentation by Vice President Vladimir Werning delivered at the LarrainVial AMI International Investor Seminar in Buenos Aires, focused on the impact of a political-electoral shock on money demand, the monetary response, and subsequent financial normalisation. The presentation agenda covered economic progress through stabilisation and liberalisation with encouraging macroeconomic results, a temporary confidence shock linked to expectations of an electoral “black swan” and its effect on money demand, and an immediate post-election financial normalisation without adjustments to the economic programme. It also set out themes for the outlook, including a popular mandate, structural reforms, access to markets and re-monetisation.