Milei Unveils Central Bank Independence Bill

Argentine President Javier Milei presented a bill in a national TV address to reform the central bank’s charter, aiming to strengthen its independence and prohibit the financing of government spending.

The proposed legislation marks a significant shift from his earlier campaign promise to abolish the institution entirely.

The bill would constitutionally restrict the bank from printing money to cover fiscal deficits, a practice that has fueled chronic inflation.

The reform is a centerpiece of Milei’s broader effort to stabilize Argentina’s crisis-prone economy.