Argentina's BCRA Reform Bill Would Ban State Financing

Economy: Buenos Aires

Key Facts

—Bill. President Javier Milei announced a bill to overhaul the charter of the Central Bank (BCRA) in a 30 July 2026 national address and sent it to Congress.

—Single mandate. The reform would make preserving the value of the currency the BCRA’s sole mission, reversing a 2012 change that had broadened its objectives.

—No state financing. It would bar the BCRA from financing the national Treasury, provinces and municipalities, including buying government debt in the primary market.