**President Javier Milei’s administration has prioritized fiscal surpluses, inflation reduction to around 33% annually, reserve accumulation above $47 billion, and a managed floating peso within inflation-adjusted bands since lifting most capital controls in 2025, rather than advancing formal dollarization.** No legislative or executive measures to replace the peso with the U.S. dollar as legal tender or establish an official peg have moved forward through mid-2026. Recent steps include a July 2026 central bank charter reform bill limiting government financing, eased dollar-lending rules to channel deposits into credit, and ongoing IMF-supported programs that favor gradual liberalization and reserve building over abrupt regime change. Traders assign low implied probability to completion by late 2026 because the policy focus remains on stabilization, commodity-driven dollar inflows, and institutional reforms ahead of the 2027 presidential vote, with private dollar holdings and stablecoin use already widespread but not translating into official adoption.