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Argentina's Fernandez Shakes Up Central Bank Before Leaving

  • Fernandez has appointed 5 central bank directors in 6 months
  • President Fernandez is due to leave office in December
Updated on

Argentine President Cristina Fernandez de Kirchner replaced two central bank directors, completing a shake-up of the board just three months before she leaves office.

Waldo Jose Farias and Santiago Carnero will leave and be replaced by Juan Miguel Cuattromo and Flavia Marrodan, according to a decree published Tuesday in the Official Gazette. Farias and Carnero were asked to step down after they voted against removing HSBC executives in a tax dispute without allowing the bank to defend itself, La Nacion reported Sept. 4.