UPDATE 1-Argentina central bank chief says may go early if Macri wins election

lunes 16 de noviembre de 2015 13:15 GYT
 

(Adds new tightening of curb on dollars paras 5-7)

By Walter Bianchi

BUENOS AIRES Nov 16 (Reuters) - Argentina's central bank chief on Monday opened the door to quitting early if conservative challenger Mauricio Macri wins the presidential election race, days after vowing he would see out his mandate until its 2019 end.

Monetary policymaker Alejandro Vanoli, who is seen as a trusted ally of the country's outgoing leftist president, Cristina Fernandez, said he was at odds with Macri's plan to unwind capital controls if that meant a sharp peso devaluation.

"I will evaluate my position if Macri wins," Vanoli told local TV channel America 24. "If the path chosen is ... to liberalize everything, or devalue by 50 percent then clearly I will not be in agreement and clearly I will not be an obstacle to that."

Center-right Macri has said he would expect Vanoli to resign if he wins the Nov. 22 run-off vote against the ruling party candidate Daniel Scioli.

The bank's independence has waned during Fernandez's eight-years in power. Under Vanoli's watch, the central bank has not resisted the leftist government's expansive fiscal policies amid high inflation.

The bank defends the web of controls designed to shore up Argentina's dwindling foreign currency reserves, now at a nine-year low.

On Monday, the central bank cut the daily amount of dollars companies can transfer abroad without the regulator's authorization for the second time in three weeks, five currency market traders said.   Continuación...