Argentina’s Milei Unveils Bill to Shield Central Bank From Political Pressure
The proposal would bar direct or indirect Treasury financing and change appointment rules as Milei seeks to shield the central bank from political pressure.
- On Thursday, President Javier Milei announced a bill to reform Argentina's central bank charter, prohibiting the institution from directly or indirectly financing the Treasury.
- Milei described central bank money printing as a 'scam of counterfeiting money to finance politics,' blaming it for decades of high inflation that has fallen from 211% in 2023 to around 30% projected this year.
- Beyond funding restrictions, the measure would change rules governing appointment and removal of central bank officials to shield the institution from political pressure, aligning Argentina with international autonomy models.
- While the reform requires congressional approval and is expected to win support from Milei's libertarian allies, analysts warn that ordinary legislation remains vulnerable to reversal by future governments.
- Institutionalizing the reduction of monetary issuance aims to bolster investor confidence, though the structural limitation of ordinary legislation creates potential long-term market uncertainty despite the independence push.
51 Articles
51 Articles
The president of Argentina, Javier Milei, announced this Thursday the sending to Parliament of a project to modify the law on the functioning of the Central Bank and for “The zero deficit will move us away from the poisonous fruit of the forbidden tree that is the monetary emission. The reform of the Central Bank will prevent the politician from falsifying those ... Continue reading “Milei goes for more before “91 years of looting”: proposes to …
In addition, since 11 o'clock the president will hold a bilateral meeting with his South Korean pair, Lee Jae-Myung, with the participation of the foreign ministers of both countries.I followed all the news about Javier Milei's government measures in the minute-to-minute coverage of Clarín.
Milei's Central Bank Reform Would Ban Financing State Spending
In a television address to the nation, Argentine President Javier Milei announced that he will present to Parliament a reform of the Central Bank's statute focused on monetary austerity to fight against...
The president said that these reforms with axis in the Central Bank - entity founded in 1935- "will end 91 years of looting, expropriation, impunity and decadence"
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