Central Bank

Argentine President Javier Milei has launched a major institutional reform package to eliminate economic populism. The centerpiece is a "fiscal shackles" mechanism that freezes government spending and politicians' salaries if budget deficits persist.

Russia approves for the first time a legal framework for the trading and mining of digital currencies, but blocks the possibility of using them within the country and grants banks unprecedented enforcement powers.

Former Central Bank of Lebanon governor Riad Salameh was arrested after failing to appear for questioning in a financial crimes case. Having served for 30 years, Salameh faces investigations in Lebanon and Europe and is widely seen as a symbol of the country's economic crisis.