Argentine central bank chief resigns

The head of Argentina’s central bank resigned Wednesday, four years before the end of his term, under strong pressure from president-elect Mauricio Macri. Alejandro Vanoli’s move opens the door for Macri’s overhaul of economic policies that could include letting the peso float, which would likely result in a sharp devaluation of the currency. Just hours before Macri officially assumes office following his election victory late last month, Vanoli announced he was stepping down in a letter to outgoing President Cristina Kirchner, released by the bank.

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