President Javier Milei's April 2026 statements explicitly walking back dollarization—citing lack of public support—have solidified trader consensus against adoption by June 30, with "No" shares reflecting near-certainty at 98.5%. Instead, his administration pursues peso stabilization through a new exchange rate regime launched in January, bolstered by $30 billion in projected export-driven central bank reserve inflows over six months, though far short of the estimated $40 billion needed to back a full U.S. dollar transition. No legislative progress, congressional approval, or preparatory executive actions signal imminent change, amid ongoing monetary reforms prioritizing inflation control over currency replacement. Realistic shifts would require sudden policy reversal, massive unforeseen reserves, or emergency decree, but current pragmatism leaves little room for such developments in the remaining six weeks.