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Central Banks

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

By

Abdel Latif Wahba,

Salma El Wardany and

Netty Idayu Ismail

August 17, 2022, 9:26 AM UTCUpdated onAugust 17, 2022, 12:18 PM UTC

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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.