Argentina's Milei shifts from closing the central bank to reforming it
Argentine President Javier Milei unveiled a bill to overhaul the central bank's charter in a nationwide broadcast, marking a shift from his earlier pledge to shut the institution down. The government considers the bill central to its economic program.
Argentine President Javier Milei presented a bill on Thursday, in a nationwide broadcast, to overhaul the central bank's charter — the statute governing the monetary authority. The government considers the initiative central to its economic program and will send it to the Chamber of Deputies in the coming days.
The move marks a notable shift from Milei's campaign-era pledge to shut the central bank down entirely. Economists say the change reflects the practical limits of his earlier dollarization plan.
Details of the bill will be presented to Congress in the coming days. Analysts will be watching closely to see how the reform limits the bank's independence and its power to print money.
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