President Javier Milei’s administration has prioritized fiscal surpluses, disinflation from over 200 percent to around 33 percent annually, and Central Bank reserve accumulation through a managed peso float within inflation-adjusted bands, alongside expanded currency competition that permits greater dollar use in loans, deposits, and transactions. These measures, supported by a $20 billion IMF program and U.S. swap lines, have replaced the initial campaign emphasis on formal dollarization with gradual liberalization and BCRA charter reforms limiting Treasury financing. No legislation or executive steps have advanced official adoption of the dollar as legal tender or closure of the central bank. Traders assign low probabilities to near-term dollarization by late 2026, reflecting ongoing debt-service pressures, reserve targets, and the preference for the current stabilization path over abrupt monetary regime change.