Egypt replaces central bank governor Hisham Ramez

Ramez has faced increasing criticism in recent months as the Egyptian pound has come under pressure. (Reuters)

Egypt's central bank governor Hisham Ramez will not renew his term when it expires in November and will be replaced by senior banker Tarek Amer, the presidency said in a statement on Wednesday.

Ramez has faced increasing criticism in recent months as the Egyptian pound has come under pressure.

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Last Update: Wednesday, 20 May 2020 KSA 09:49 - GMT 06:49
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