Nicaragua Central Bank Head Quits Amid Alba Spat With Ortega

Nicaragua’s Central Bank President Antenor Rosales quit following a disagreement with President Daniel Ortega over the use of foreign currency reserves to fund a regional bank for the Venezuelan-led bloc of eight nations known as Alba.

Ortega proposed that Finance Minister Alberto Guevara replace Rosales as head of the bank, according to lawmakers of the ruling Sandinista party.