Egypt banishes bankers from board of directors

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The Egyptian Supreme Council of the Armed Forces yesterday passed a decree that prevents bankers from sitting on the board of directors of the Central Bank of Egypt.

Egypt's ruling military council amended certain provisions of Egypt's central bank and banking sector law after discussions with the central bank.

The move to prevent the selection of any members with an interest that would contradict their duties or ability to be neutral and independent is aimed at bringing the central bank into li

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