Dujovne’s departure comes at the end of a week that has seen Argentina’s peso and sovereign bonds fall to record lows
“No doubt we’ve made mistakes, which we never failed to acknowledge and which we tried to correct as much as possible,” Dujovne wrote in a letter to the president. “It’s been an honour for me to serve in your government.” Investors have been dumping Argentine assets for fear that Fernandez may shun the IMF deal and implement interventionist policies if elected on Oct 27.
While the economy was showing signs of improvement in May and June, this week’s market rout is likely to put it back in the red.Lacunza, 50, has since December 2015 been the economy minister for the Buenos Aires province, the biggest in the country with more than 16 million inhabitants.