The refusal of the country from its own Central Bank

[Argoo]

More drastically, he also plans to shutter the central bank — which he said has “no reason to exist” — and dollarize the $640 billion economy.

“Central banks are divided in four categories: the bad ones, like the Federal Reserve; the very bad ones, like the ones in Latin America; the horribly bad ones; and the Central Bank of Argentina,” he said.""

The only thing worse than having your own central bank in charge of your money, is having someone else's central bank do the same.
IF you want to improve the money system, ditch fiat money. Instead, base it on something real. Like backed by gold. Or 95% gold and 5% Bitcoin.

--Knight Hider

The central bank in each state performs many useful functions, regulating the financial system and taking measures to strengthen its national currency. Paper money also plays a certain positive role. Therefore, there is no need to reinvent the wheel. If there is no central bank, someone will definitely perform its functions. And if it is just one official, then the problems in the country will certainly increase.

It will be best if the state has a strong national currency. And for this, first of all, it is necessary for the economy to work and all processes in it to be optimized. But don't blame paper money. In a normal state, they are issued for the amount of material assets in circulation and then problems should not arise.

[kryptqnick]

Milei had some radical ideas, and some of them are being implemented. But as of May 2024, Argentina's Central Bank is still operating. The solution of dollarization and Central Bank abolition is still being discussed, but it wasn't implemented. It's not impossible to make it work, and it might be a good idea for Argentina, considering decades of poor financial policies, but it doesn't mean this decision is without risks. In the meantime, Milei restricted public spending and said that Argentina had a first budget surplus in more than a decade.

[Fiatless]

Milei had some radical ideas, and some of them are being implemented. But as of May 2024, Argentina's Central Bank is still operating. The solution of dollarization and Central Bank abolition is still being discussed, but it wasn't implemented. It's not impossible to make it work, and it might be a good idea for Argentina, considering decades of poor financial policies, but it doesn't mean this decision is without risks. In the meantime, Milei restricted public spending and said that Argentina had a first budget surplus in more than a decade.

When you listen to the manifesto of political leaders during campaigns you would believe that they are the solution to the country's problem. They will always tell you the problems of the current government and give some solutions that will amaze you. All these sweet words are political statements targeted at gaining political power. Another point is that some of them don't really understand governance, so they can easily come up with unworkable solutions. When they finally win elections they will discover from experience that their solutions or policies are not practical.

I think this is the case of Javier Gerardo Milei. He has realised that it would be an economic blunder to govern a nation without a central bank. Abolishing the Argentine central bank and relying on the Federal Reserve is simply subjecting his country to financial slavery. Argentina needs to make its monetary policies that will suit the local economic environment and not depend on a super economy like the US. 

[Cryptomultiplier]

Milei had some radical ideas, and some of them are being implemented. But as of May 2024, Argentina's Central Bank is still operating. The solution of dollarization and Central Bank abolition is still being discussed, but it wasn't implemented. It's not impossible to make it work, and it might be a good idea for Argentina, considering decades of poor financial policies, but it doesn't mean this decision is without risks. In the meantime, Milei restricted public spending and said that Argentina had a first budget surplus in more than a decade.

I can't help but think that instead of Milei to accept dollarization, why not opt to join BRICS countries and use the Yen?
It sure would have been a better idea, while good policies will be enacted to help the Argentine Central Bank play the right role in nation building and macroeconomics.
Had it been it could work out well for crypto currency development in the country, I would have seen it to be a better alternative or rather, pair, with the Argentine currency, so as to further lessen the burden on the central banks to perform.