President Javier Milei’s administration has shifted from campaign pledges of full dollarization toward a managed crawling exchange-rate band system launched in January 2026, with the peso trading inside widening limits tied to prior inflation. This policy prioritizes reserve accumulation, gradual disinflation, and renewed access to international capital markets over outright currency substitution. Milei has publicly noted limited citizen support for replacing the peso, while Congress remains fragmented on structural reforms needed for any formal switch. Economic indicators show tentative stabilization and projected GDP growth, reducing immediate pressure for radical monetary overhaul. Upcoming budget negotiations and debt-service timelines through late 2026 could influence whether conditions ever align for official dollarization.