Kirchner appointed Redrado President of the Central Bank of Argentina on September 24, 2004, and the new central banker implemented the administration's policy of keeping a relatively undervalued Argentine peso to help bolster export competitiveness, while foreign exchange reserves soared to nearly US$50 billion.
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He earned a Master's Degree in Public Administration from Harvard University, and was brought on by the Wall Street investment firm Salomon Brothers, where he served as adviser on their handling of the privatizations of British Airways, British Gas plc and the French Compagnie Financière de Suez, during the late 1980s.
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