Argentina's central bank chief resigns amid IMF negotiations

Argentina says its central bank chief has resigned amid negotiations with the International Monetary Fund.

The surprise resignation of Luis Caputo was announced in a bank statement Tuesday. It said he was leaving for personal reasons. But it comes as the government is pushing for a new financing deal with the IMF.

Argentina’s weak economy has been hit by a sharp depreciation of its peso currency and high inflation. That has forced the government to reach out to the IMF for help.