Argentina's central bank boss resigns after just three months
Luis Caputo has spent the majority of his tenure trying to stabilise the peso, which has tumbled 50%, the most in emerging markets this year
São Paulo/Buenos Aires — Argentina's Central Bank president Luis Caputo resigned on Tuesday morning just three months after taking office, posing a fresh challenge to an economy already grappling with a collapse in its currency. Caputo, a former Citigroup and Deutsche Bank trader, who was previously finance minister under President Mauricio Macri, said the decision was due to personal issues, according to an e-mailed statement from the bank. Economy minister Nicolas Dujovne’s deputy, Guido Sandleris, will replace Caputo, according to the office of the presidency. “This resignation is due to personal issues, with the conviction that the new deal with the International Monetary Fund (IMF) will re-establish confidence in the fiscal, financial, monetary and exchange regimes,” the statement said. Caputo has spent the majority of his tenure at the bank trying to stabilise the peso, which has tumbled 50%, the most in emerging markets this year. The yield on the dollar bond due in 2117 rose...
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