Economy & Business - September 2026

During his election campaign back in 2023, President Javier Milei famously pledged he would shut down the central bank because it was doing more harm than good. While he has come to see that its existence brings some benefits, he is still bent on fixing what he sees as fundamental flaws, only this time through legislation, not closure. A bill proposed by the Milei administration, which was approved by the lower house of congress on 26 August, overhauls the central bank’s statutes, narrowing its mandate and introducing strict limitations on its financial activities.