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Weekly Report - 02 October 2014 (WR-14-39)
ARGENTINA: Central bank president quits
On 1 October the president of Argentina’s central bank (BCRA), Juan Carlos Fábrega, resigned. A day earlier, President Cristina Fernández had accused bank employees of helping speculators undermine the Argentine peso. Alejandro Vanoli, the head of the national securities commission (CNV), will take over as BCRA president. Among the main challenges facing the new president are the country’s exchange rate policy, low levels of international reserves, and spiralling inflation.
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