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Banking

The end of the Redrado era: a timeline

March 04, 2010
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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.

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