a homeless person sleeps in the street in downtown buenos aires argentina august 22 2022 reutersagustin marcarian buenos aires aug 23 reuters  argentinas government will launch three measures in the coming days aimed at restricting imports and preserving the central banks dwindling foreign currency reserves a source told reuters on tuesday the measures come as new data on monday showed a trade deficit in july of 437 million the second deficit in a row for latin americas thirdlargest economy smoother coordination is required between argentinas tax collection entity afip customs and commerce with measures aimed at ordering imports taking care of the argentine central banks dollars and avoiding abuses said the source who asked not to be identified argentinas exports in the first seven months of the year increased by 224 compared to the same period in 2021 while imports jumped 446 one of the measures seeks to accelerate exports by reducing the time frame for those who import goods without paying taxes the measure will reduce the time to export the goods to 120 days from 360 this is the case of soybeans which are imported in order to later be exported as oil the 115 gap between the official exchange rate used in foreign trade and the exchange rates in alternative markets encourages importers to increase their purchases from abroad while exporters delay their settlements pending a further fall in the peso the government also contemplates making companies that import services such as software or consultancies enter an advanced declaration scheme in the first half of the year argentina imported services worth 5 billion president alberto fernandezs administration will also seek to curb imports of 34 goods including slot machines yachts luxury planes and cryptocurrency mining machines by incorporating them into a nonautomatic licensing scheme which requires prior authorization reporting by eliana raszewski additional reporting by jorge otaola editing by marguerita choy