Argentine finance minister becomes central bank governor as crisis deepens

Federico Sturzenegger
Federico Sturzenegger: Macri reportedly requested resignation due to ongoing peso crisis
Javier Pierini

Federico Sturzenegger resigned as governor of the Central Bank of Argentina (CBRA) on June 14 as the peso plummeted against the dollar. Argentina’s president, Mauricio Macri, replaced him with finance minister Luis Caputo.

“In the last few months, various factors have damaged my credibility as president of the central bank, a key attribute for carrying out the co-ordination of expectations, which is so important in the task entrusted to me; that is why I have been driven to present my

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