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Israeli media, citing the occupation army: We tried to "eliminate" Hamas spokesperson Abu Obeida
Al-Mashat: I call on everyone worldwide to avoid dealing with any assets of the entity, and there is still an opportunity for settlers to return to their countries
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The Israeli occupation army carries out a deadly airstrike on a populated residential building in the densely populated al-Rimal neighborhood, west of Gaza City, resulting in dozens of fatalities and injuries: Al Mayadeen's correspondent
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President of the Yemeni Supreme Political Council Mahdi al-Mashat: The Government of Change and Building will carry out its duties in a caretaker capacity, and the blood of the martyrs will serve as a motivation for steadfastness and reconstruction

Egyptian President appoints acting Central Bank Governor

  • By Al Mayadeen English
  • Source: Agencies
  • 18 Aug 2022 22:30
  • 1 Shares
2 Min Read

The Egyptian State Information Service has said that Egyptian President Abdel Fattah El-Sisi appointed Hassan Abdullah as acting head of the country's central bank.

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  • Egyptian President appoints acting Central Bank Governor
    Egyptian President Abdel Fattah El-Sisi

Egyptian President Abdel Fattah El-Sisi appointed Hassan Abdullah as acting head of the country's central bank on Thursday, the Egyptian State Information Service said.

"President Abdel Fattah El Sisi has issued a decree appointing Hassan Abdullah as acting governor of the Central Bank of Egypt," a statement said.

The former head of the Central Bank of the country, Tarek Amer, submitted his resignation on Wednesday, and El-Sisi accepted the resignation and appointed Amer as presidential adviser.

Since the beginning of the war in Ukraine and food chain disruptions, Egypt started to face a soaring increase in food prices. Consequently, the Egyptian government issued a decree that regulates the prices of subsidized and unsubsidized bread.

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Read: Egypt facing issue of food security in light of Ukraine crisis

In March, Egypt started experiencing further inflation as the world took the impact of the deepening economic crisis which resulted from the war. 

In this case, Egypt issued a decree that regulated the prices of subsidized and unsubsidized bread. 

Cairo even rendered a three-month export ban in effect, prohibiting the import of seed and vegetable oils, corn, flour, wheat, beans, and beyond. 

On June 29, the World Bank revealed a $500 million loan to Egypt to improve food security in the country and to purchase a sufficient amount of wheat.

  • World Bank
  • Ukraine crisis
  • Egypt
  • Global food crisis
  • Abdel Fattah el-Sisi
  • Central Bank of Egypt

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