#inflation rates
President Sisi reappointed Hassan Abdalla as Governor of the Central Bank of Egypt (CBE) on Sunday, 18 August, extending his term to August 2025. Abdalla has served as Governor since August 2022, following the resignation of his predecessor, Tarek Amer, who was controversial for his devaluation of the Egyptian Pound. Abdalla’s time in office has seen Egypt’s economy mired by Russia’s invasion of Ukraine in February 2022 and the conflict in Gaza since October 2023. Thus far, Abdalla’s monetary policy…
