Egypt renews governor’s term
Egypt's ruling military council on Saturday renewed the term of Farouk El-Okda, the Central Bank of Egypt (CBE) governor, for a further four years. The governor has held the role since December 2003.
Lobna Helal and Gamal Negm were appointed as deputy governors, also to serve four-year terms.
The bank's board of directors was also reshuffled, in accordance with new rules introduced in October that strived to improve the institution's independence. The regulations ban any members from having
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