Argentine Senate approves ‘Cold Zones’ and Central Bank reforms
The changes cut gas subsidies for millions and modify the Central Bank’s charter to prohibit printing money to finance the Treasury La entrada Argentine Senate approves ‘Cold Zones’ and Central Bank reforms se publicó primero en Buenos Aires Herald .
The Argentine Senate has approved changes to the "Cold Zones" regime and reforms to the Central Bank charter. The "Cold Zones" scheme, which provides gas subsidies to households in colder regions, will see its scope reduced back to its original areas, covering fewer provinces. The reform also adjusts eligibility criteria for state aid, applying it to households earning less than three basic food baskets and people with disabilities or military veterans.
The Central Bank's mandate will be narrowed to focus on currency value preservation, limiting its role to monetary stability. The new charter will also require a two-thirds majority in the Senate for BCRA officials' removal. The government expects to save approximately $400 million annually with the "Cold Zones" reform, which will be used to settle debts with gas distributors.
However, opposition estimates suggest that more than 2.5 million households may lose their subsidies under the reform.
Written by urgent.news from Buenos Aires Herald's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
