Argentina central bank chief resigns

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Argentina central bank chief resigns

By Benedict Mander,Pan Kwan Yuk,Colby Smith in Buenos Aires, in New York

Argentina’s central bank chief has resigned after just three months in the job, triggering a 5 per cent slide in the peso and hitting President Mauricio Macri’s attempts to restore investor confidence in the midst of a currency crisis.
The departure of Luis Caputo came as Mr Macri’s government struggled with a 36-hour general strike against his new austerity budget and sought to close a revised bailout deal with the IMF, which has already extended a $50bn programme to shore up the country’s finances.

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