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Governor of the Central Bank announces his resignation National Bank of Egypt
22-10-2015 11:04 AM
Egyptian President Abdel Fattah al-Sisi was appointed the former head of the National Bank of Egypt Tarek Amer in the position of Governor of the Central Bank as of November 27, replacing Hisham Ramez which expires on 26 of the same month. A statement from the Riasesh Republic on Wednesday, 'Due to the proximity of the expiry of the Board of the Central Bank Management Egyptian in the November 26, 2015 provides Hisham Ramez Governor of the Central Bank of his resignation with effect from that date where the president agreed to accept the resignation. "The statement added that Sisi Tarek Amer was assigned to central bank governor for four years, with effect from 27 November 2015. The Amer running the post of first deputy governor of the Central Bank from 2003 to 2008 also served as Chairman of the Board of the National Bank of Egypt for a period of five years from 2008 to 2013 and faced Ramez criticism large in recent months with the local currency came under pressure and fall of the pound to record levels in the black market amid shortage in the supply of the dollar.
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