Egypt Names Veteran Financier as Acting Central Bank Chief

The headquarters of the Egyptian central bank in Cairo.
Photographer: Shawn Baldwin/Bloomberg

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By Mirette Magdy and Abdel Latif Wahba

August 18, 2022 at 12:14 PM UTC

Updated on

August 18, 2022 at 2:03 PM UTC

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Egypt’s leader named veteran financier Hassan Abdalla as acting central bank governor, as the country faces increasing pressure on its currency while seeking a deal with the International Monetary Fund.