**Trader consensus assigns low probability to Argentina officially dollarizing by December 31, 2026, reflecting the Milei administration’s shift to a managed peso float within inflation-adjusted exchange-rate bands, central-bank charter reforms, and reserve accumulation under an IMF program rather than full currency replacement.** Since taking office, the government has prioritized fiscal surpluses and disinflation—monthly inflation near 2% by mid-2026 with annual rates around 30-33%—while pursuing gradual liberalization and a $20 billion IMF facility plus U.S. swap support. Recent legislative steps include an August 2026 bill narrowing the central bank’s mandate to price stability and prohibiting Treasury financing. Private dollar holdings and stablecoin use continue, but no legislative or executive action has advanced official adoption. Key near-term influences include 2027 budget execution, debt-service pressures, and the electoral cycle, which favor incremental stabilization over abrupt regime change.