Sep 25, 2018

Argentina's central bank president resigns amid currency crisis

Argentina central bank president

Photo: Agustin Marcarian/AFP via Getty Images

The president of Argentina's central bank, Luis Caputo, has resigned due to "personal reasons," the Financial Times reports.

Why it matters: Argentina is in the midst of a months-long currency crisis that has seen the peso lose 50% of its value against the dollar this year, and is currently negotiating an expedited $50 billion bailout package from the IMF. The resignation could undermine President Mauricio Macri's efforts to shore up investor confidence.

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