Hossam Mounir

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CBE keeps interest on EGP in latest meeting of MPC in Ramez’s time

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided on Thursday evening to keep basic return prices at the latter during the last meeting when previous CBE governor Hisham Ramez resigned. Basic return prices at CBE  are used to determine the interest rates on the Egyptian pound in deposit, lending, and …

Hossam Mounir

Construction sector anticipates solutions with new CBE governor

The construction sector is anticipating the arrival of vital solutions with the appointment of Tarek Amer as the governor of Central Bank of Egypt (CBE), according to Daker Abdellah, member of Egyptian Businessmen’s Association and Egyptian Federation for Construction and Building Contractors (EFCBC). Amer’s experience and knowledge of all problems facing the economy in various …

Hossam Mounir

Amer: CBE’s 13th governor

The Central Bank law No. 88 for 2003 provides in article 10 that the governor is appointed by a presidential decree on the nomination of the Prime Minister for a period of 4 years, subject to renewal.

Hossam Mounir