Milei accuses ex-President Kirchner of stealing $10 billion from Central Bank

Argentine President Javier Milei has accused former President Cristina Fernández de Kirchner of orchestrating the theft of $10 billion from the Central Bank in 2010. Milei made the accusation during a national broadcast to introduce a proposed reform of the Central Bank's organic charter.

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In 2010, with the creation of the Bicentennial Fund, the former president and now convicted of corruption offenses, Cristina Elisabet Fernández de Kirchner, in complicity with the president of the Central Bank, Mercedes Marcó del Pont, stole 10 billion dollars from the Central Bank.

Milei linked Fernández de Kirchner, who is currently convicted of corruption charges in the "Vialidad" case, to corrupt maneuvers during her tenure. He stated that the alleged theft, equivalent to $15 billion today, was facilitated by the creation of the "Bicentennial Fund" in 2010. He further claimed that a new Central Bank charter in 2012, enacted to evade legal consequences, allowed for unrestrained money issuance and shielded officials from criminal responsibility.

The proposed reform, a legislative priority for the current administration, aims to fundamentally alter the Central Bank's structure and objectives. Milei outlined five core principles, including ending the practice of having multiple objectives for the bank and re-establishing its primary mission as preserving currency value. The reform also explicitly prohibits state financing, encompassing the national treasury, provinces, and municipalities, and bans the purchase of government bonds in the primary market.

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The voracity and passion for stealing of high politics did not end there.

Milei was joined by key officials, including Economy Minister Luis Caputo, Central Bank President Santiago Bausili, and Secretary General of the Presidency Karina Milei, signaling the administration's commitment to this legislative push. The reform seeks to end 91 years of the Central Bank's history, emphasizing a break from past practices and a renewed focus on monetary stability.

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The passion for expropriation of high politics led us to decide to end 91 years of history and reform the Central Bank's organic charter.