Police raid Argentine central bank
Argentine police have raided the country's central bank ahead of a presidential election on Sunday and amid a bitter dispute between bank President Alejandro Vanoli and opposition leader Mauricio Macri, who is leading in the polls.
The raid was in response to Macri filing a criminal complaint against Vanoli and the bank's directors for allegedly breaching its charter by selling dollar futures contracts at below-market rates.
Critics say the policy has put Argentina's dwindling foreign-currency reserves at risk and could cause Macri major budgetary problems if he wins the election and fulfills his pledge to remove some forex controls and devalue the peso.
ETFs: ARGT
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