Egypt replaces central bank governor Hisham Ramez

Reuters News
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Posted: Oct 21, 2015 6:27 AM

CAIRO (Reuters) - Egypt's central bank governor Hisham Ramez will not renew his term when it expires in November and will be replaced by senior banker Tarek Amer, the presidency said in a statement on Wednesday.

Ramez has faced increasing criticism in recent months as the Egyptian pound has come under pressure.

(Reporting by Ehab Farouk, Writing by Lin Noueihed; Editing by Janet Lawrence)