They introduced a bill to change the peso to a new currency.

Representative and former Minister of Economy Ricardo López Murphy introduced a bill to the lower house to implement a new national currency called Argentum (AG) , which would replace the current peso starting January 1, 2026.

The initiative promoted by López Murphy proposes that each Argentum be equivalent to $1,000 pesos in current currency and that one hundredth of this new unit of value be called a centavo.

According to the economist's project, there would be a six-month transition period between the two currencies , starting from their hypothetical implementation date. During this period, bills and coins denominated in pesos and Argentums could circulate simultaneously, while once the period expires, only those in the new currency would be legal tender.

"The elimination of zeros in currency is not a fundamental economic measure, but rather a technical and administrative tool that allows for organizing the monetary system, simplifying calculations, reducing errors, and strengthening public confidence in everyday instruments, without altering purchasing power or acquired rights," argued López Murphy in the rationale for his initiative.

The text also recalled other similar precedents, the most recent being that defined by PEN Decree No. 2128 of October 10, 1991, which established the peso currency as of January 1, 1992, and eliminated four zeros from the austral.

"This bill pursues similar objectives, proposing the elimination of three zeros by creating a new legal tender called 'Argentum,' without altering the real value of goods, services, contracts, or obligations," the document states.

If López Murphy's proposed law is ultimately approved, "all financial institutions in Argentina will be required to convert peso balances held in checking accounts, savings accounts, and other banking instruments into Argentum, and payment orders and checks issued in pesos will be processed, also starting from that date, at their value" in the new currency.

Furthermore, it would establish that "all obligations to provide sums of money, including the remuneration of employees and pension benefits" from the start date established in the text must be paid in Argentum.

"In a context where stability and trust are necessary conditions for economic development, the creation of the 'Argentum' is presented as a prudent technical measure, legally respectful of acquired rights, and aimed at improving the functioning of the Argentine monetary system," the bill concludes.