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Egypt`s deputy central bank governor quits

Last Updated: Tuesday, January 15, 2013 - 23:50

Cairo: The central bank of Egypt says the government has accepted the resignation of its deputy governor, less than a week after her boss said he`s quitting.
The changes in the central bank come as Egypt faces a spiraling economic crisis two years after the uprising that forced former President Hosni Mubarak to step down.
A new governor, Hesham Ramez, is to take office in February. His predecessor`s resignation was anticipated after nine years in office.

The bank said today`s resignation of Lobna Helal, the first woman to serve as deputy central bank governor, takes effect January 31.

No reason was given for her resignation, a shake-up in banks was expected following Ramez` nomination.

The head of the National Bank of Egypt, the nation`s largest commercial bank, resigned Monday.


First Published: Tuesday, January 15, 2013 - 23:50

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