Story perspectives

Milei Bills Central Bank Reform, Ends Treasury Funding

7/31/2026

Summary

Story summary

President Javier Milei announced a bill to overhaul the central bank’s charter, prohibiting it from financing the Treasury.
The draft bans temporary advances, limits primary-market government paper purchases, caps profit transfers, and requires a two-thirds congressional vote to remove the bank’s president or board.
Inflation dropped from 211 % in 2023 to about 33.5 % in 2026, growth slowed to 0.2 %, and IMF Managing Director Kristalina Georgieva praised Argentina’s position in July.

1 of 1

Story summary

President Javier Milei announced a bill to overhaul the central bank’s charter, prohibiting it from financing the Treasury.
The draft bans temporary advances, limits primary-market government paper purchases, caps profit transfers, and requires a two-thirds congressional vote to remove the bank’s president or board.
Inflation dropped from 211 % in 2023 to about 33.5 % in 2026, growth slowed to 0.2 %, and IMF Managing Director Kristalina Georgieva praised Argentina’s position in July.