Sisi appoints Tarek Amer as presidential adviser

CAIRO – Egypt’s President Abdel Fattah El Sisi issued Wednesday a Republican decree appointing Tarek Amer as presidential adviser.

President Sisi accepted the resignation of Amer as the governor of Egypt’s central bank, who took up his post in 2015 and had been due to stay on until next year. There was no immediate word on who would replace him at the central bank.

The action came a day before the meeting of the CBE’s Monetary Policy Committee (MPC), scheduled on Thursday, to review the key interest rates amid the ongoing global economic challenges.

“I would like to thank President Sisi for supporting me throughout my term as the governor of the CBE. I resigned to leave room for new blood to take responsibility and push forward Egypt’s successful development process under the leadership of the president,” Amer noted in his resignation note.

Amer has chaired the CBE since November 2015, succeeding Hisham Ramez, who also voluntarily left his position.

In November 2019, the House of Deputies approved the president’s decision to extend Amer’s term for four more years, until 2023.