# Milei Campaigned on Dollarizing Argentina. As President, He Stopped Talking About It.

- URL: https://talkfuse.com/story/milei-campaigned-on-dollarizing-argentina-as-president-he-stopped-talking-about-it/
- Published: 2026-11-15T11:00:32+00:00
- Updated: 2026-11-15T11:24:23+00:00
- Original publisher: Reason (publisher lean: Right)
- Original article: https://reason.com/2026/11/15/mileis-legacy-depends-on-dollarization/
- Topics: Elections, Government, Politics

## Key points

- Milei campaigned to replace Argentina’s peso with the US dollar.
- Inflation fell from 25.5 per cent monthly to about 2 per cent.
- The article argues dollarisation could make stabilisation more durable.

## Summary

Javier Milei made replacing Argentina’s peso with the US dollar a central promise of his 2023 presidential campaign, arguing that repeated currency failures had left the country’s institutions without credibility. More than two years into his presidency, the peso remains and Milei has largely stopped promoting dollarisation, raising questions about whether his government’s fall in inflation can last.

Monthly inflation has dropped from 25.5 per cent when Milei took office to roughly 2 per cent, but the article says earlier stabilisation efforts in Argentina ended in currency crises. A currency board collapsed during the 2001 crisis after the government dismantled its peg; the author argues that formal dollarisation could be harder to reverse and thus make future devaluation less likely. The supplied article text ends mid-sentence.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.