Reuters
Argentina's government said on Monday it will extend a program to incentivize grains exports in a push to shore up the country's meager foreign reserves, as it looks to meet targets set by the International Monetary Fund amid an economic crisis. "It is necessary to continue implementing policies that tend to strengthen the reserves of Argentina's central bank," said a decree published in the official gazette, extending the export increase program, which launched on Sept. 4, to Oct. 25. Under the program, Argentine agro-export firms can swap 25% of the foreign currency they make on alternative exchange markets that offer better rates that the official rate, which in August was frozen at 350 pesos per dollar.