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Argentina's central bank chief resigns

Argentina's central bank chief resigns

Argentina's embattled central bank chief, Martin Redrado, resigned Friday amid a row with President Cristina Kirchner over her bid to use reserves to pay down government debt.
"I feel that my term at the head of the Central Bank has concluded and I have decided definitively to leave the office of president of the Central Bank, satisfied with the duties I have performed," Redrado told reporters.
Redrado clashed with Kirchner as she sought to set aside US$6.5 billion in central bank foreign currency reserves to pay government bonds maturing this year, a move she described as necessary to shore up Argentina's standing in international markets.


Updated : 2021-04-19 01:05 GMT+08:00