11:13 PM
Wednesday 17 August 2022
Books – Masrawy:
About 7 years that Tarek Amer spent as governor of the Central Bank of Egypt, where he assumed the position on November 27, 2015, succeeding former governor Hisham Ramez, but President Abdel Fattah Al-Sisi issued today a decision appointing Amer as an advisor to the President of the Republic, and accepting his apology for continuing in his position.
With Amer’s apology for continuing in his position, some questions began to be raised on the scene about Tariq Amer’s successor to the seat of the highest banking position in Egypt. However, Representative Abdel Moneim Imam, Secretary of the Planning and Budget Committee in the House of Representatives, revealed 3 cases identified by the constitution about the mechanisms for selecting the leaders of bodies independent as the central bank.
The Secretary of the Parliament’s Plan and Budget Committee said that the first case says that in the event that the President of the Republic chooses a new candidate to lead the Central Bank, the House of Representatives is invited to hold an emergency session during which he presents the nomination of the President of the Republic for the new Central Bank governor, and upon approval he will assume his position for a period of 4 Years.
Imam revealed the second case, which says that the oldest deputy governor of the former Central Bank; He shall replace him in the exercise of his powers, in reference to Professor Gamal Negm, until the House of Representatives held its first session, to approve the decision to appoint the new governor after the nomination of the President of the Republic.
He explained that in the third case, the President of the Republic is assigned; A person to carry out the duties of the Governor of the Central Bank for a temporary period, not exceeding one year, according to precedents, until the name of the new governor is presented to the House of Representatives at the beginning of its new session.
Tariq Amer was also Deputy Governor of the Central Bank from 2003 to 2008, and was included in the list of the best central bank governors in the world for 2022, according to the magazine “Global Finance”.