Economics
Argentine Central Bank Head Resigns Three Months Into Job
- Currency has lost half of its value so far this year
- Caputo raised country’s rates to 60 percent to stem peso rout
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Argentine Central Bank President Luis Caputo resigned on Tuesday, a day after President Mauricio Macri said a revised aid deal with the International Monetary Fund would require a new approach to monetary policy.
Just three months since moving to the central bank from the nation’s finance ministry, Caputo cited "personal issues" as the reason for his departure. He was immediately replaced by Economy Minister Nicolas Dujovne’s deputy, Guido Sandleris.