Last Wednesday, Mokhtar Ghobashi, Vice President of Egypt’s Arab Center for Political and Strategic Studies, announced the predicted grounds for Tarek Amers’ departure as Governor of the Central Bank of Egypt.
During his press conference, Mukhtar Ghobashi questioned Faten Abdel-Maaboud on the Does this resignation stem from Tariq Amers incapacity to tackle the Egyptian pound’s 22 percent drop versus the dollar since March? said Sabah Al-Balad on the Sada Al-Balad channel.
Is it because the IMF’s discussions have mostly stopped in response to the fund’s demands?
Egypt has received three IMF loans since Tarek Amer took over as central bank governor, according to the Vice-President of the Arab Center for Political and Strategic Studies.
Mokhtar Ghobashi added that Tariq Amer was the subject of controversy and resigned 15 months before the end of his second term, implying that there is a stumbling block in negotiations with the International Monetary Fund, given that importers and factory owners require foreign currency to cover their foreign needs.
According to the Vice-President of the Arab Center for Political and Strategic Studies, banking thought must be linked to the governor’s ability to provide the necessary liquidity and maintain market price stability, which leads to economic stability, and thus one of the expected reasons for Tariq Amers’ resignation is his inability to achieve the desired goals.
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