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Egypt’s central bank chief resigns, named presidential advisor

By Xinhua
On 18 août 2022 at 06:17

CAIRO, Aug. 17 (Xinhua) — Egyptian President Abdel-Fattah al-Sisi on Wednesday accepted the resignation of the central bank governor Tarek Amer and appointed him as a presidential advisor, the presidency said in a statement.

"President al-Sisi expressed his gratitude for the efforts exerted by Amer and accepted his apology for not continuing in the post," the statement said, adding a presidential decree was issued for appointing him as an advisor to the president.

Amer served as the governor of the Central Bank of Egypt (CBE) since 2015.

The resignation of Amer came one day before a periodic meeting of the CBE’s Monetary Policy Committee to discuss the fate of the basic interest rates.


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