President Javier Milei’s administration has prioritized fiscal surpluses, inflation reduction, and a managed peso float within widening exchange-rate bands since early 2026, supported by a $20 billion IMF program and U.S. swap lines, rather than pursuing formal dollarization. No legislative steps or executive actions to peg the peso or adopt the U.S. dollar as legal tender have advanced amid reserve-building efforts and debt-service timelines through year-end. Traders assign low probabilities to near-term adoption because the current stabilization path, including loosened dollar-lending rules and incentives for resident capital repatriation, continues without the institutional changes required for full monetary regime shift. Upcoming IMF reviews and 2027 electoral considerations reinforce focus on gradual liberalization over abrupt change.