Argentina's Kirchner replaces Lavagna

Argentine President Nestor Kirchner yesterday replaced Economy Minister Roberto Lavagna on Monday 2 January following disagreements between the two with regard to inflation.

Felica Miceli, currently president of state-owned Banco de la Nacion, the country's largest bank, has been appointed new economy minister and becomes the first woman to hold that post. An economist, she had previously served on the board of the central bank.