Deputies back Milei’s push to reform Central Bank charter
Louse house lawmakers back Milei's bid to bar the Central Bank from printing money to fund the Treasury, bill now moves to Senate; Opposition deputies brand reform a "scam" designed to entrench Governor Santiago Bausili. Leer más
President Javier Milei's push to reform the Central Bank charter to limit money printing has gained momentum in Argentina's lower house. The Chamber of Deputies recently approved a bill with 144 votes in favor, 102 against, and 9 abstentions. The Central Bank's mission to preserve the currency's value would be strengthened, but its objectives of promoting employment and equitable economic development would be removed.
The reform would also make it more difficult to remove the Central Bank's governor and board members, requiring a two-thirds majority in both chambers of Congress. Opposition deputies criticized the safeguard, alleging ties between the governor and Economy Minister Luis Caputo. The President expressed his gratitude for the support and emphasized the reform's importance in eradicating inflation.
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