Egypt appoints new central bank governor

egypt flag

The governor of the Central Bank of Egypt resigned yesterday (January 10), with his replacement immediately announced as Hisham Ramez, a former deputy governor who currently leads one of Egypt's biggest commercial banks.

The outgoing governor, Farouk El-Okdah, had come under increasing pressure to maintain the strength of the Egyptian pound, which has taken a battering since the government of Mohammed Morsi failed to implement new taxes that would have qualified the country for dispersal of an

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: