Egypt’s central bank governor appointed for second term -state media

  • 11/26/2019
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Amer was appointed in 2015 when Egypt was in a currency crisis CAIRO: Egypt’s central bank governor Tarek Amer has been appointed to a second four-year term, state media reported on Monday. State-run newspaper Al Ahram cited an unnamed deputy central bank governor as confirming Amer’s reappointment. Akhbar Elyom, another state-run paper, also confirmed the news, citing unnamed banking sources. Amer, whose term ends this week, was appointed in 2015 when Egypt was in a currency crisis. He helped oversee a three-year, IMF-backed reform program which included a sharp devaluation of the pound currency, the introduction of a value-added tax and the elimination of subsidies on most fuel prices.

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