Argentina extends “exporter dollar” until December 10

The Argentine government, amid efforts to boost exports, has decided to extend the soy dollar program for all included products until December 10 this year.

Under the renewed scheme, traders are now free to use 50% of their export earnings in foreign currency against the previously set 30%.

The remaining 50% must be exchanged at the official exchange rate, which is now 368 pesos to US$1.

Tags: soybean, Argentina