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Egypt Extends Term of Central Bank Governor For a Third Year

Nurat  Uthman by Nurat  Uthman
August 19, 2024
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Egypt Extends Term of Central Bank Governor For a Third Year
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by Nurat Uthman

Egyptian President Abdel Fattah al-Sisi has extended the term of acting central bank governor Hasan Abdalla for a third year, the official gazette said on Monday.

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Abdalla, who was head of Cairo-based Arab African International Bank for 16 years, was appointed for an initial year in August 2022 after the surprise resignation of long-serving Tarek Amer. Abdalla’s appointment was renewed in 2023.

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