Argentina's Redrado to be appointed cb president

Argentine Foreign Minister Martin Redrado, a former securities regulator, will be appointed central bank president after President Nestor Kirchner decided not to renew Alfonso Prat-Gay's term, which expires next week, Cabinet Chief Alberto Fernandez said, according to Bloomberg.

Kirchner will send Redrado's nomination for approval to congress on Monday, Fernandez said. The government's benchmark 7 percent bond due 2008 fell 0.2 cent on the dollar to 28.80, according to JPMorgan Chase & Co. The

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