President Javier Milei’s administration has advanced a bimonetary framework with expanded dollar deposits, credit, and payments—reaching record levels above $41 billion in foreign-currency holdings—while stopping short of official dollarization. Recent Central Bank reforms prohibit Treasury financing via money creation, and Economy Minister Luis Caputo has described full dollarization as off the table in favor of a flexible exchange-rate band supported by U.S. swap facilities and reserve accumulation. Preparations continue for elevated pre-electoral dollar demand ahead of 2027 legislative and presidential votes, amid ongoing peso stability measures and eased restrictions on dollar lending. Traders monitor reserve trends, legislative progress on monetary rules, and any shifts in Milei’s public stance for signals on formal adoption.