Argentine President Javier Milei has released the guiding principles for a new Organic Law (Carta Orgánica) for the Central Bank of the Argentine Republic (BCRA).
The administration frames the reform as a necessary step to eliminate political interference in monetary policy, a condition Milei describes as the root cause of the country's persistent inflationary pressures.
The proposed charter seeks to redefine the operational boundaries of the central bank, stripping away discretionary powers that have historically allowed successive governments to use the institution for fiscal financing.
By codifying stricter rules on money creation and balance sheet management, the reform aims to anchor expectations and restore credibility to Argentina's monetary framework.
However, the proposal has drawn mixed reactions from economic analysts.
While the diagnosis of political capture is widely accepted, some experts argue that the new guidelines are incomplete.