Central Banking

Argentina's Cavallo not interested in CenBank post

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A spokesman for Argentina's Domingo Cavallo said Feb 14, 2001 the former economy minister was not interested in replacing the Central Bank chief, whose job has been threatened by a money-laundering scandal. Cavallo, a Wall Street favourite and the architect of Argentina's "Convertibility" currency system which is safeguarded by the Central Bank, is not interested in the job, his spokesman said."He has other political aspirations and besides, it has never been proposed to him," the spokesman said

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