Argentina's Vanoli to Announce Decision on Future in Coming Days

  • Central Bank president says he'll co-operate in transition
  • Vanoli calls for government to preserve some of his policies

Argentine Central Bank President Alejandro Vanoli said he would decide whether to resign in the next few days as President-elect Mauricio Macri prepares to unravel the currency controls he has administered for the past year.

Speaking at a presentation in Buenos Aires, Vanoli said he will collaborate during the transition to a new government and will make an announcement about his future soon. Macri, who assumes office on Dec. 10, has described Vanoli as unqualified and named Federico Sturzenegger as his preferred replacement.

“In a few days, I will communicate a personal decision which I’m currently deliberating,” Vanoli said.

The central bank president defended his one-year tenure and reiterated his call for the new government to preserve policies that he said have brought down the value of the black market exchange rate and slowed inflation. He had previously said he wanted to complete his term in office that ends in 2019.

“What’s most important is that these policies, above all the ones that benefit the people, and this direction the central bank has taken, beyond the legitimate measures a new government can take, are preserved,” Vanoli told reporters.

Vanoli, a former securities regulator who was appointed by President Cristina Fernandez de Kirchner in October 2014, is under investigation for alleged illegal operations in the dollar futures market.

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