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Argentina Treasury minister resigns, says 'significant renewal' needed amid economic crisis

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08/17/2019 | 07:11pm EDT
FILE PHOTO: Argentina's Treasury Minister Nicolas Dujovne gestures during a news conference in Buenos Aires

BUENOS AIRES (Reuters) - Argentina’s Treasury Minister Nicolas Dujovne has resigned, saying in a letter seen by Reuters on Saturday he believed the government needed “significant renewal” in its economic team amid a crisis which saw the peso plunge this week.

Dujovne said in a letter to Argentine President Mauricio Macri that he had given his all to the job, helped tame a significant deficit and trim public spending but conceded: “Mistakes have been made, without a doubt.”

“I believe my resignation is in keeping with my place in a government... that listens to the people and acts accordingly,” he added. 

Macri has appointed Hernan Lacunza, the current economy minister for Buenos Aires province, as Dujovne’s replacement, a government source told Reuters. 

(Reporting Eliana Raszewski; writing by Aislinn Laing; Editing by Marguerita Choy)

By Eliana Raszewski

Stocks mentioned in the article
ChangeLast1st jan.
EURO / ARGENTINE PESO (EUR/ARS) -4.38% 60.812 Delayed Quote.46.96%
US DOLLAR / ARGENTINE PESO (USD/ARS) 0.01% 54.834 Delayed Quote.51.78%
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