Milei Moves to Shield Argentina’s Central Bank, Bringing It Closer to the U.S. Federal Reserve Model

Argentine President Javier Milei has unveiled one of the most ambitious institutional reforms of his administration: a sweeping overhaul of the Central Bank of Argentina’s (BCRA) charter designed to prevent future governments from financing public spending by printing money.

The proposal is part of a broader package of economic reforms that Milei says is essential to securing long-term monetary stability and preventing the return of the inflationary policies that...