Part 10/11:
A credible monetary policy requires not just reforms but also building confidence in the currency through sound practices. Milei recognizes the importance of bolstering the Central Bank's balance sheet and ensuring responsible fiscal behavior. Currently, the Central Bank’s assets are far more favorably structured compared to previous years, helping promote a more robust financial environment.
While it seems that the government will refrain from eliminating exchange controls until conditions stabilize, Milei's administration is paving the way for broader currency adoption. With plans to prepare businesses to accept dollar transactions and enhance banking services in dollars, the groundwork for dollarization appears to be steadily developing.