The Bank of the Argentine Nation was founded on 18 October 1891 by President Carlos Pellegrini, with the purpose of stabilizing the nation's finances following the Panic of 1890; its first director was Vicente Lorenzo Casares.
Argentina's central bank was founded on 18 October 1891 by President Carlos Pellegrini, with the objective of restoring financial stability to the nation after a severe economic crisis in 1890; Vicente Lorenzo Casares took charge as the institution's first leader.