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Egypt Central Bank Governor Resigns Day Before Rates Meeting

  • Derivatives traders add to bets for a weaker currency
  • Amer becomes presidential adviser, successor not yet named
Tarek Amer

Tarek Amer

Photographer: Al Drago/Bloomberg
Updated on

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Egyptian central bank Governor Tarek Amer resigned, a shock decision one day before an interest-rate meeting and with pressure mounting on the currency.