Tarek Amer, governor of the Central Bank of Egypt (CBE) unexpectedly resigned on 17 August, a year ahead of the completion of his second and final term.

Local media has speculated that Mr Amer was firmly against fully liberalizing the Egyptian pound, one of the conditions set out by the IMF for a much-needed emergency loan (MEES, 29 July), and was essentially forced to step down. (CONTINUED - 145 WORDS)