Tarek AmerPhoto credit: Entreprise Egyptian President Abdelfattah Al Sisi accepted on Wednesday 17 August the resignation of Tarek Amer as the Central Bank of Egypt’s (CBE) Governor. According to state media Al-Ahram, Amer has been appointed as a presidential advisor. As at the time of publication, a new governor has not been announced. It is expected that the new governor will be appointed this week. Amer’s resignation came one day before the CBE’s Monetary Policy Committee (MPC) interest-rate meeting that is set to be held today. The MPC is expected to hike interest rates once again in response to the continued impacts of the Russia-Ukraine conflict on Egypt’s economy and rising inflation.
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