Argentine President Javier Milei has formally submitted a legislative proposal to overhaul the organic charter of the Central Bank (BCRA) to Congress.
The bill represents a significant structural shift in the country's monetary framework, aiming to reverse institutional changes implemented during previous administrations.
The core of the proposal establishes price stability as the central bank's sole mandate.
Crucially, the legislation explicitly prohibits the BCRA from financing the national Treasury, a measure designed to enforce fiscal discipline and break the link between government deficits and money creation.
This development follows earlier announcements by the Milei administration regarding the specifics of the reform.
The move is part of a broader effort to anchor Argentina's economic stabilization program in institutional constraints rather than discretionary policy.