If Argentina has dollarized its economy by Dec 31, 2025, the market resolves to Yes.

The market pays out if Argentina has begun using the U.S. dollar as its exchange rate anchor by a given date or has begun accepting the U.S. dollar as an official form of legal tender. It must actually have been reported to have begun rather than an announcement of intention by the Argentine government. It cannot include using other currencies as anchors. This could include a variety of currency regimes, such as phasing out the peso entirely and having the U.S. dollar as the country’s sole legal tender or phasing out the peso and introducing a new currency pegged to the dollar. It need not be a peg of 1:1. Buying or selling dollars by the central bank to stabilize the peso should not be considered dollarization or a fixed peg unless it leads to one of the above scenarios.

Series ARGDOLLAR Event ARGDOLLAR Market ARGDOLLAR-25DEC31