Among the many campaign promises that took Javier Milei – to the surprise of many – to the Presidency, some, it is already known, will only be remembered for being shelved in the archives.
Dollarisation would be one, at least in his first term. Not from any lack of conviction on his part but the imposition of his two main sponsors – neither the International Monetary Fund (IMF) nor the Donald Trump administration in the United States support the idea. Without these sponsors, any attempt at implementation would be impossible. The implosion of the Central Bank belongs to the same list. The elimination of inflation is in process of discussion. While structurally shrinking the rise in prices, Milei will probably end his four-year term with Argentina’s Consumer Price Index higher than promised and perhaps still in double digits, perhaps even with a “two” as the first of those digits. It seems almost impossible that 2026 will end with the 10 percent laid out in the Budget – we shall see this year.
Yet for one chapter of the Milei campaign manifesto, implem
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