Argentina's lower house approves central bank charter reform

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On 26 August, Argentina’s lower house approved a reform of the central bank charter by a vote of 144–102. The bill, which seeks to reshape the institution responsible for printing the nation's currency, has now moved to the Senate for further consideration. President Milei’s bloc does not hold a majority in the Senate, making the passage of the legislation uncertain.

Consequences

The Senate's decision will determine the future structure of Argentina's central bank and its influence on the purchasing power of the peso. The outcome remains subject to the legislative process in the upper house where the administration lacks a guaranteed majority.

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