BUENOS AIRES, Aug. 17 (Xinhua) -- Argentine Finance Minister Nicolas Dujovne stepped down on Saturday after a week of economic turmoil.
In his resignation letter to President Mauricio Macri, Dujovne said "under the present circumstances," the administration "needs a significant renewal in the economic area."
Argentina went through a week of economic turmoil after a shock primary election result on Sunday, when presidential candidate Alberto Fernandez trounced Macri.
The turmoil led to a substantial devaluation of the Argentine peso, a national stock market crash, and a plunge of Argentine companies' share prices on Wall Street.
On Wednesday, Macri rolled out a package of economic relief measures to appease voters, including a reevaluation of the minimum wage, a tax deferral for small businesses, and a tax cut that would benefit 2 million workers.
Dujovne did not support the measures in fear that they could violate fiscal targets set in the country's 56.3 billion U.S. dollars loan agreement with the International Monetary Fund, according to local media.
