President Javier Milei’s administration has pursued peso stabilization through exchange-rate bands, monthly depreciation targets, reserve accumulation, and IMF-backed financing rather than advancing legislation to replace the peso with the U.S. dollar as legal tender. With the June 30, 2026 resolution date only weeks away and no enabling bills, central-bank dissolution, or currency-conversion framework enacted, traders assign overwhelming probability to “No.” The process would require congressional approval, sufficient dollar reserves, and months of technical preparation even if initiated immediately. Late developments that could still shift the outcome include an unforeseen emergency decree or rapid legislative package passed in the final days, though both remain structurally improbable given current institutional and fiscal constraints.