Argentina names new central bank chief

Argentine President Eduardo Duhalde has selected economist Alfonso Prat Gay, a former adviser to the US bank JP Morgan, to head the country's central bank, according to the presidential chief of staff.

Prat Gay succeeds Aldo Pignanelli, whose resignation Duhalde accepted after Pignanelli clashed over strategy repeatedly with Economy Minister Roberto Lavagna.

Among those Prat Gay edged out were central bank board member Jorge Levy and Senate finance and tax committee chairman Oscar Lamberto.

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