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Reform of the Central Bank: they question that the Government's project "returns to the same point it had during convertibility"
AR🏛️ PoliticsProgressive6 hr. ago

Reform of the Central Bank: they question that the Government's project "returns to the same point it had during convertibility"

The article discusses criticism of Argentina's government-backed reform to the Central Bank's Organic Charter, which aims to redefine its role in monetary policy and fiscal support. The reform has been criticized by former economic architect Enrique Liendo, who was part of the team that implemented the Convertibility Plan in the 1990s. Liendo argues that the proposed changes 'go back to the same point' as during the Convertibility era, suggesting they fail to address current economic challenges. He criticizes the lack of currency market freedom, arguing that without such freedom, real investment cannot occur. Liendo also claims that the Central Bank should be restricted to its monetary functions and should not intervene in foreign exchange or capital markets.

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1 reports

Perfil logoPerfilIndependentProgressive6 hr. ago
Reform of the Central Bank: they question that the Government's project "returns to the same point it had during convertibility"

The article discusses criticism of Argentina's government-backed reform to the Central Bank's Organic Charter, which aims to redefine its role in monetary policy and fiscal support. The reform has been criticized by former economic architect Enrique Liendo, who was part of the team that implemented the Convertibility Plan in the 1990s. Liendo argues that the proposed changes 'go back to the same point' as during the Convertibility era, suggesting they fail to address current economic challenges. He criticizes the lack of currency market freedom, arguing that without such freedom, real investment cannot occur. Liendo also claims that the Central Bank should be restricted to its monetary functions and should not intervene in foreign exchange or capital markets.

Bias read (Progressive): The article frames the reform as a return to policies associated with the Convertibility era, which is often viewed critically by leftist economists and critics. It highlights concerns about state control over financial systems and emphasizes the need for market liberalization, aligning more closely

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