Argentina’s New Central Bank Chief will Meet with Banks on Wednesday

BUENOS AIRES, Dec 12, 2023 (Reuters) – According to four sources, Argentina’s new central bank president, Santiago Bausili, has called bank representatives in the country to a meeting at 9 a.m. (1200 GMT) on Wednesday, as the new government moves to set out key planned economic reforms.

The reason for the meeting was not disclosed in the invitation, but it is usual practice for an incoming central bank president to meet with local and foreign bank executives when there is a change in leadership.

According to a proclamation published in the official gazette on Monday, Argentina’s President Javier Milei assumed office on Sunday, and Bausili was named head of the central bank until September 2028.

Milei has promised dramatic economic reforms, including lowering state spending and devaluing the peso currency.

Reporting by Jorgelina do Rosario; Additional reporting by Eliana Raszewski and Walter Bianchi; writing by Adam Jourdan; editing by Jonathan Oatis

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