President Javier Milei has long advocated dollarization to replace the peso and eliminate the central bank, yet the administration has prioritized fiscal surpluses, inflation reduction from triple to double digits, and a managed floating exchange rate band since late 2025. Midterm gains strengthened Milei’s congressional position, but implementation requires legislative approval amid constitutional questions and reserve constraints. Recent steps include lifting capital controls, securing U.S. swap facilities and IMF support, and accumulating reserves through daily dollar purchases rather than full currency replacement. These measures have stabilized the peso and supported growth projections, lowering near-term pressure for official dollarization. Key upcoming catalysts include further debt refinancing, central bank policy reports, and any new legislative initiatives on monetary reform before the next electoral cycle. Trader consensus reflects these structural and political hurdles to rapid adoption.