Argentina Votes This Week on the Reform Barring the Central Bank From Funding the Treasury
9 Articles
9 Articles
The session was convened Wednesday at 12 to discuss the reform of the BCRA Organic Charter and a new version of Fiscal Innocence; the agenda includes concessions to allies to secure votes
Argentina votes this week on the reform barring the central bank from funding the Treasury
Argentina's Chamber of Deputies will on Wednesday debate the reform of the central bank's charter promoted by Javier Milei's government, which bars the monetary authority from financing the fiscal deficit through money creation and restores preservation of the value of the currency as its sole objective.
This Wednesday a new session will take place in the lower house in which the ruling party will also seek to give half a sanction to the Fiscal Innocence project 2.All new government news, minute by minute.
The government aims to give half a sanction to the reforms of the Central Bank and Tax Innocence and adherence to the international patent system.
The Government opens a week of strong political activity, with two central projects in Deputies.
The Government presented the reform of the Organic Charter of the Central Bank with an explicit objective: to end the monetary financing of the Treasury and strengthen the independence of the monetary authority. However, the project also opens the possibility for the monetary institution to take credits from international private banks and to use its reserves as a guarantee of these operations. Javier Milei’s proposal modifies the nature of the …
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