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Argentina's central bank chief resigns amid IMF negotiations

Argentina says its central bank chief has resigned amid negotiations with the International Monetary Fund

Reported by: AP [ Published on: September 25, 2018 19:47 IST ]
Image Source : AP Argentina's central bank chief resigns amid IMF negotiations

BUENOS AIRES, Argentina (AP) — Argentina says its central bank chief has resigned amid negotiations with the International Monetary Fund.

The surprise resignation of Luis Caputo was announced in a bank statement Tuesday. It said he was leaving for personal reasons. But it comes as the government is pushing for a new financing deal with the IMF.

Argentina's weak economy has been hit by a sharp depreciation of its peso currency and high inflation. That has forced the government to reach out to the IMF for help.

Disclaimer: This is unedited, unformatted feed from the Associated Press (AP) wire.

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