Alarums and excursions in Argentina. (Argentina’s central bank changes management due to inability to control money supply)

ALARUMS AND EXCURSIONS IN ARGENTINA

ALARUMS AND EXCURSIONS IN ARGENTINA

Up to the moment when Alfredo Concepcion, president of Argentina’s central bank, resigned and took the bank’s whole board with him, members of the government were telling Euromoney that there were no differences between themselves and Concepcion.

They were also suggesting that the outside world was worrying too much about a possible resurgence of Argentina’s inflation. (It was down to 4.4% for the month of June, but up again to 6.8% in July.)

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