UPDATE 3-Argentina central bank chief may resign in days ahead

miércoles 2 de diciembre de 2015 15:40 GYT

(Adds economist comment)

By Walter Bianchi and Jorge Otaola

BUENOS AIRES Dec 2 (Reuters) - Argentina's embattled central bank chief, Alejandro Vanoli, said on Wednesday he will decide in a few days if he will bow to pressure from the incoming government to resign.

President-elect Mauricio Macri has called on Vanoli to step down to make way for currency devaluation to spur exports and halt the drain on central bank reserves that Vanoli has used to prop up the peso.

Vanoli was appointed by outgoing leftist President Cristina Fernandez, who intervened deeply in the country's markets during her eight years in power. Macri, a proponent of free markets, takes office on Dec. 10.

"In a few days I will announce a decision to you all, maybe over the weekend," Vanoli told reporters gathered for a presentation on the central banks achievements during 2015.

"More important than the question of what's going to happen with me, is the country, and that these policies be preserved."

Macri's cabinet has been named with Vanoli and the future leadership of the central bank hanging as a big question. Vanoli's mandate extends until 2019.

"His resignation is widely expected and the more he collaborates, the easier the foreign exchange adjustment and the dismantling of controls on the financial account will be," said Alejo Costa, chief strategist at local investment bank Puente.   Continuación...