“A fundamental step to eradicate inflation”: Javier Milei celebrated the preliminary approval in the Chamber of Deputies of the reform of the Central Bank Charter

The Argentine Chamber of Deputies granted initial approval to a bill reforming the Charter of the Central Bank of the Republic of Argentina (BCRA). The legislative initiative seeks to establish the institution's independence from the executive branch and implement a prohibition on the Central Bank financing the National Treasury through monetary emission. President Javier Milei characterized the move as a critical step toward eliminating inflation.

The reform package includes provisions that have drawn scrutiny from opposition lawmakers, particularly regarding the use of international reserves. The debate centers on specific articles that would alter the institutional role of the monetary authority and its relationship with the government, marking a significant shift in the country's monetary policy framework.