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Egypt: Sisi Names Hassan Abdullah as Caretaker Central Bank Head

Egypt: Sisi Names Hassan Abdullah as Caretaker Central Bank Head

Thursday, 18 August, 2022 - 14:00
Egypt's Central Bank in Cairo. Reuters file photo

Egyptian President Abdel Fattah al-Sisi on Thursday appointed Hassan Abdullah as caretaker governor of the central bank following the surprise resignation of Tarek Amer, the presidency said.


Amer quit on Wednesday, just over a year before the completion of his term.


Hassan was head of state-owned media giant United Media Services Company. His previous positions include managing director of Cairo-based Arab African International Bank from 2002 until 2018.


"Sisi stressed the need to develop monetary policies in line with global economic variables and work to provide various sources of foreign currencies," the presidency said in a statement.


He also stressed "the need to work on providing the appropriate climate for investment."


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