Argentina: Bank independence at stake as Redrado exits

Governor leaves after stand off; $6.6bln transfer at root of conflict

See also: Argentina: Redrado’s era comes to an end

Martin Redrado’s resignation as governor of the Argentine central bank

Locked out: Martin Redrado leaves his home in Buenos Aires on January 25. He left the central bank four days later after announcing his resignation

Martin Redrado’s resignation as governor of the Argentine central bank marks the end of a period of relative stability at the monetary authority. His departure following a bitter struggle with the country’s president, Cristina Kirchner, over the use of the bank’s reserves, has led to fears that the central bank’s independence could become compromised with Kirchner and her husband, former president, Nestor pulling the strings.

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