A day after Juan Carlos Fábrega stepped down as Central Bank’s governor, investors expressed their pesimism as Buenos Aires City stock market plunged 7.2% to 10,703.32 points today.
The Merval index dropped 6% this week, although it shows a 113.6% increase in accumulated gains.
Fábrega -who will be replaced by CNV securities regulator head Alejandro Vanoli- quit yesterday, after President Cristina Fernández de Kirchner accused the Central Bank of leaking “priviledged information” to certain banks involved in foreign-exchange operations in the black market.
Source: Buenos Aires Herald