Argentine President Javier Milei is set to announce a comprehensive legislative proposal to overhaul the charter of the Central Bank (BCRA) on Thursday.
The reform targets the removal of modifications introduced in 2012 during the presidency of Cristina Kirchner, seeking to redefine the institution's core mandate around strict monetary discipline and enhanced institutional independence.
The move represents a significant escalation in Milei's efforts to restructure Argentina's financial architecture.
By targeting the 2012 amendments, the administration aims to eliminate legal frameworks that critics argue have historically allowed for greater executive influence over monetary policy.
The proposal is expected to be presented via a national broadcast, signaling the government's intent to frame the reform as a foundational step toward economic stability.
Market participants are closely monitoring the development as it could reshape the operational constraints on the BCRA.