President Javier Milei’s administration has prioritized fiscal surpluses, reserve accumulation through central bank dollar purchases, and a managed peso float within inflation-adjusted bands under a $20 billion IMF program, rather than pursuing formal dollarization or closing the central bank. Recent measures include easing restrictions on dollar-denominated lending to support credit growth, advancing central bank charter reforms to limit Treasury financing, and repeated efforts to regularize undeclared foreign-currency holdings estimated at over $250 billion. Private dollarization continues via household purchases and stablecoin use, while annual inflation has declined to around 33 percent. Traders assign low probabilities to adoption by late 2026 given the absence of legislative steps and the focus on the current stabilization timeline ahead of 2027 elections and ongoing debt obligations.