Argentine central bank boss Martin Redrado steps down

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Source: bbc

Argentina's central bank boss has stepped down after the president signed a decree firing him for refusing to use currency reserves to pay foreign debt.

Cristina Fernandez de Kirchner cited misconduct and dereliction of duties in a decree dismissing Martin Redrado.
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Constitutional lawyers say the decree may be illegal, as the central bank chief can only be removed by Congress.

Mr Redrado angered the president after he rejected her order to transfer $6.6bn to a government fund to pay foreign debts.


Read more: http://news.bbc.co.uk/2/hi/americas/8447428.stm

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wow.