President Resigns Bank of Argentina Central – 20minutos.es

President Resigns Bank of Argentina Central – 20minutos.es

An Argentine holds a poster of complaint to the output of the Argentine Economy Minister, Axel Kicillof, in the consulate of Argentina in New York (USA). Kicillof, denied Thursday that his country has fallen into debt default despite not having reached an agreement with the hedge funds and blamed the judge Thomas Griesa to have been “a legal puzzle” that produces a situation “that nobody knows characterize” . (Kena Betancur / Reuters)

The president of the Central Bank of Argentina, Juan Carlos Fabrega , presented on Wednesday his resignation and been replaced by the current head of the National Securities Commission (CNV), Alejandro Vanoli , according to the office of the head of state, Cristina Fernandez de Kirchner.

Communications Secretary of the Presidency, Alfredo Scoccimarro has confirmed in a press conference this change, which comes into full economic turmoil. The President herself had reprimanded the Central Bank on Tuesday lack of controls in the foreign exchange market and its permissions to certain financial transactions.

The change in the regulatory body has confirmed the close of trading firms, although rumors that have circulated throughout the day have ended up ballasting a market already affected by controls related to foreign exchange transactions . The Stock Exchange closed on Wednesday with a fall of 8.22%.

Vanoli, in front of the CNV since 2009, will receive the Senate nod to be able to take possession formally as the new head of the Central Bank. The Argentine media Vanoli identified as a faithful person to ‘Baldwin’.