Argentina’s central bank chief resigns amid debt row

(AFP)   Argentina’s embattled central bank chief, Martin Redrado, announced his resignation Friday amid a row with President Cristina Kirchner over her bid to use reserves to pay down government debt.

“I feel that my term at the head of the Central Bank has concluded and I have decided definitively to leave the office of president of the Central Bank, satisfied with the duties I have performed,” Redrado told reporters.

Redrado had rejected Kirchner’s bid to set aside 6.5 billion dollars in central bank foreign currency reserves to pay government bonds maturing this year.

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