In a recent statement from his office posted on social media platform X, Argentina's President-elect Javier Milei reaffirmed his commitment to close the country's central bank, stating that it is a "non-negotiable matter." As he races to assemble his team before taking office on December 10th, Milei's comments come in response to what he refers to as "false rumors."

Milei's campaign pledge to close the central bank has garnered attention and controversy, with some questioning the feasibility and potential consequences of such a move. Nonetheless, the President-elect remains resolute in his pursuit of radical reforms.

Despite initial expectations of a more ideologically aligned Cabinet, signs indicate that Milei may be leaning towards a more moderate approach. The economist Osvaldo Giordano, hailing from the central Cordoba region, has been chosen to lead Argentina's social security administration ANSES. This appointment is notable as it deviates from Milei's initial plan to appoint a close ally to this position.

Additionally, Horacio Marin, a private executive in the energy sector, has been confirmed as the incoming chief of state oil company YPF. These appointments suggest a potential shift in strategy as Milei navigates the challenges of implementing his reform agenda.

Undoubtedly, Milei faces significant hurdles in realizing his more radical plans. These include dollarizing the economy, privatizing state companies like YPF, and cutting state spending and subsidies. Achieving these goals will require time, and success is far from guaranteed.

One of the major obstacles lies in the composition of Congress, where Milei's libertarian coalition possesses a limited number of seats and lacks provincial governors. Balancing the demands of the more mainstream conservative bloc, whose support played a pivotal role in Milei's victory in the run-off election last week, will further complicate the process.

As the President-elect continues to assemble his team and the transition of power approaches, the implementation of his reform plans will be closely watched both domestically and internationally. Milei's ambitious vision for Argentina's economic transformation will undoubtedly encounter resistance, and the ultimate outcome remains uncertain.