Argentina central bank chief quits, raising policy uncertainties
Argentina's central bank chief resigned on Wednesday after a long tussle with the Economy Ministry and was replaced with a regulator considered sympathetic to the interventionist stance of a government battling one of the world's highest inflation rates.
The move drew a sharp negative reaction in financial markets, with the price of Argentina's local U.S. dollar-denominated bonds skidding.
The resignation of Juan Carlos Fabrega as head of the central bank followed a long tussle with the Economy Ministry over whether policymaking should focus on taming inflation or bolstering growth in Argentina's stagnating economy. The government has also been grappling with shrinking foreign reserves after another debt default in July.
Alejandro Vanoli, head of the country's markets regulator, will take over as the central bank chief, a spokesman for President Cristina Fernandez said.
http://finance.yahoo.com/news/argentinas-central-bank-governor-resigns-211444002.html