March 2010

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The end of the Redrado era: a timeline



Inside Redrado’s battle for Argentina’s central bank
Redrado’s tenure
The creeping hand of the state
December 14 2009 President Cristina Kirchner issues a decree of necessity and urgency calling for $6.6 billion of the central bank’s $48 billion of reserves
January 6 2010 The government calls on Martin Redrado to resign as central bank president for refusing to support its decree. Redrado refuses to go
January 7 Kirchner issues another decree to fire Redrado, accusing him of “misconduct”
January 8 Redrado gets both decrees suspended by the courts. He is reinstated as central bank president
January 22 The government warns Redrado not to re-enter the central bank
January 24 Police bar Redrado from entering the central bank
January 26 A congressional committee meets to decide Redrado’s fate
January 28 Redrado testifies before the committee
January 29 Redrado announces his resignation at a press conference
February 3 The congressional committee backs Kirchner’s decision to fire Redrado. Kirchner appoints Mercedes Marcó del Pont as the new central bank president

Inside Redrado’s battle for Argentina’s central bank
Redrado’s tenure
The creeping hand of the state
More on Martin Redrado