Sisi reappoints central bank “acting” governor, his deputies

Sisi reappoints central bank “acting” governor, his deputies

Legal experts fear that such appointments could diminish regulatory agencies' independence.

The post Sisi reappoints central bank “acting” governor, his deputies first appeared on Mada Masr.Hassan Abdalla will continue on as acting governor of the Central Bank of Egypt (CBE) for another year by presidential decree. His acting deputies will likewise continue in their roles.

Abdalla was appointed to the temporary post upon the resignation of former Central Bank Governor Tarek Amer in 2022. He has overseen the monetary agency during a turbulent period for Egypt’s economy, marked by the depreciation of the pound by over 50 percent against the dollar.

Abdalla’s autonomy in the role remains limited, however, due to its short tenure. Judges and legal experts told Mada Masr that the temporary appointments are typical under President Abdel Fattah al-Sisi whose policy has effectively reduced term durations for various officials at monitoring agencies, curtailing their ability to operate independently from the executive branch.

The sources said the practice circumvents the immunity which should, legally speaking, be granted to officials in such positions of responsibility.

The decision to keep Abdalla in the post came via a presidential decree published in the Official Gazette on Sunday. 

A separate decree published on Monday reappointed Rami Aboulnaga as