Argentina Central Bank Charter Clears Deputies, Moves to Senate
Argentina's Chamber of Deputies approved the government's central bank charter reform on 26 August, banning money creation to fund the Treasury. The bill now needs the Senate. The post Argentina Central Bank Charter Clears Deputies, Moves to Senate appeared first on The Rio Times .
The Argentine Chamber of Deputies has approved a rewrite of the central bank charter, moving it to the Senate for final approval. The reform bans the bank from financing the national Treasury, aiming to curb chronic inflation. This is the government's largest legislative win of the year, achieved through negotiations with provincial governors. The Senate must now approve the text for it to take effect. The central bank's mandate will focus solely on preserving the value of the currency.
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