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Empowering Change: Appointment of Sebastián SÁNCHEZ SARMIENTO as Director of Banco Central de la República Argentina

Introduction

In a recent decree, the President of Argentina, MILEI – Luis Andres Caputo, took a decisive step in addressing a vacant directorship at Banco Central de la República Argentina. Let’s delve into the key aspects of this significant decision.

Understanding the Background

The decree, labeled Decreto 114/2024 (DECTO-2024-114-APN-PTE), comes against the backdrop of the existing legal framework, the Carta Orgánica del Banco Central de la República Argentina, established by the Law No. 24.144 and subsequent amendments.

The Vacancy and the Future Director

The decree acknowledges the impending expiration of the term for one director position on September 23, 2025. To fill this void, the National Executive Power will seek approval from the Honorable Senate of the Nation for the appointment of Sebastián SÁNCHEZ SARMIENTO, a seasoned professional holding a degree in Business Administration.

Executive Authority in Action

The National Executive Power is granted the authority to make provisional appointments while awaiting Senate approval, as outlined in Article 7 of the Carta Orgánica del Banco Central de la República Argentina.

The Presidential Decree

President MILEI – Luis Andres Caputo has, therefore, issued a decree designating Sebastián SÁNCHEZ SARMIENTO as the provisional Director of Banco Central de la República Argentina. This designation is effective until the completion of the legal term on September 23, 2025.

Official Communication

The decree emphasizes the importance of communicating this decision promptly. It instructs the publication of the decree, sending it to the National Directorate of the Official Registry, and archiving it for record-keeping purposes.

Conclusion

In this decisive move, President MILEI – Luis Andres Caputo ensures the continued functionality of Banco Central de la República Argentina by nominating Sebastián SÁNCHEZ SARMIENTO as the provisional Director. This appointment underscores the commitment to maintaining stability and expertise at the helm.

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FAQs

Why was there a need for a provisional appointment?

The appointment is provisional to ensure the smooth functioning of the institution while awaiting Senate approval.

Who is Sebastián SÁNCHEZ SARMIENTO?

Sebastián SÁNCHEZ SARMIENTO is a qualified professional with a degree in Business Administration.

What is the legal basis for provisional appointments?

Article 7 of the Carta Orgánica del Banco Central de la República Argentina grants the power for such appointments.

When does the provisional term end?

The provisional term concludes on September 23, 2025.

Where can I find more information on official decrees?

Official decrees are published and archived by the National Directorate of the Official Registry.

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