After having reached a peak end of June (above 29 ARS/USD), the peso seems to have stabilized around 28 per USD thanks to the 3 increases in minimum reserve requirements made by the B.C.R.A. (June 18, July 2 and July 18).

Regarding inflation, that’s another story: Monthly inflation was 3.7% in June (the strongest monthly hike since 2 years) and 16% over the cumulative first six months of the year. In comparison with the month of June 2017, prices rose by 29,5%. Housing prices, water, Electricity, gas and other fuels have increased by 48.5% year-over-year. 

Meaning that national inflation rate targeted for the year by the B.C.R.A. (15%) has already been exceeded over the first six months of the year.