Under President Javier Milei, Argentina has achieved substantial disinflation and lifted key currency controls in 2025, fostering greater use of the dollar through expanded deposits, dollar-denominated credit, stablecoin adoption, and bimonetary practices in rentals and transactions. Official dollarization has not advanced to a formal policy shift, with the peso remaining the legal tender amid efforts to recirculate hoarded dollars via tax regularization laws and eased lending rules. Central bank reserve accumulation, debt management, and a managed exchange-rate band continue to shape outcomes. Upcoming legislative sessions and 2027 elections could influence further reforms, while persistent private demand for dollars and fiscal pressures remain key variables for any near-term official transition.
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