November 25, 2019 / 1:25 PM / 2 months ago

Egypt's central bank governor appointed to second four-year term - reports

CAIRO, Nov 25 (Reuters) - Egypt’s central bank governor Tarek Amer has been appointed to a second four-year term, local media reported on Monday.

Business newspaper Al Mal and news website Hapi Journal both cited unnamed sources as saying President Abdel Fattah al-Sisi had reappointed Amer, whose term expires this week.

It was not immediately possible to confirm the reports. Sources at the presidency said Sisi was due to meet Amer later on Monday.

Amer was appointed in 2015 when Egypt was in a currency crisis. He helped oversee a three-year, IMF-backed reform programme which included a sharp devaluation of the pound, the introduction of a value-added tax and the elimination of subsidies on most fuel prices.

Writing by Aidan Lewis; Editing by Alison Williams

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