Categories: Economic News

Egypt’s central bank governor resigns as economic woes mount

Associated Press

CAIRO (AP) – Egypt’s central bank governor has resigned as the country has struggled to deal with its economic woes. President Abdel Fattah el-Sissi’s office said Wednesday that it has accepted Tarek Amer’s resignation and appointed him a presidential adviser. The brief statement offered no reason for Amer’s resignation and no replacement was immediately named. The Middle East’s most populous nation has struggled to curb inflation fueled by Russia’s war in Ukraine, high oil prices and falling tourism. He has been criticized for his handling of Egypt’s financial challenges, including the devaluation of the Egyptian pound against the US dollar after a central bank decision.


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