President Javier Milei’s administration has prioritized fiscal surpluses, inflation reduction to around 33%, and central bank reserve accumulation exceeding $13 billion in 2026 through export-driven inflows and a managed peso float within inflation-adjusted bands, backed by an IMF program. Full official dollarization—replacing the peso as legal tender—remains off the immediate agenda, with no major legislative or executive steps taken toward converting the monetary base or closing the BCRA. Recent passage of a BCRA charter reform bill in the lower house, narrowing its mandate to price stability and banning Treasury financing, advances institutional credibility but reinforces the current stabilization path over abrupt regime change. Private dollar holdings and capital outflows continue, while traders price low odds for completion by late 2026 due to reserve levels, congressional hurdles, and the 2027 electoral cycle.