Page last updated at 17:51 GMT, Wednesday, 6 January 2010

Argentine bank boss asked to quit

President Cristina Fernández
President Cristina Fernández is battling soaring public debt

Argentina's central bank governor has rejected a call from the country's president to resign.

Governor Martin Redrado was asked to leave his position after refusing to use central bank reserves to help pay of some of Argentina's rising debts.

President Cristina Fernandez had asked Mr Redrado to transfer $6.5bn (£4.1bn) of reserves into a government fund.

Argentina's debts rise this year to $13bn, with a hole in its budget estimated at between $2bn and $7bn.

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Al Jazeera Argentina sacks central bank chief - 3 hrs ago
France24 Central banker steps down, vows legal action - 3 hrs ago
Los Angeles Times Argentina's president fires central bank chief over foreign reserves - 3 hrs ago
Xinhua News Agency Argentine president removes central bank chief - 4 hrs ago
Washington PostArgentine president fires central bank chief - 9 hrs ago
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