News / Middle East

Egypt's Central Bank Governor Says He Has Not Resigned

Farouk el-Okdah, governor of Egypt's central bank, attends a meeting of Arab central bank governors in Doha, September 2011 file photo.Farouk el-Okdah, governor of Egypt's central bank, attends a meeting of Arab central bank governors in Doha, September 2011 file photo.
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Farouk el-Okdah, governor of Egypt's central bank, attends a meeting of Arab central bank governors in Doha, September 2011 file photo.
Farouk el-Okdah, governor of Egypt's central bank, attends a meeting of Arab central bank governors in Doha, September 2011 file photo.
Reuters
The governor of the Central Bank of Egypt, Farouk el-Okdah, said on Sunday he had not resigned from his post, denying a report aired on state television the previous day which said he had stepped down.

Egypt's Cabinet had already denied the report the previous
day.

"I did not resign,'' el-Okdah told reporters at the Cabinet
headquarters on Sunday after a meeting with a ministerial committee for economic policies.

There has been regular speculation in the media that he
wanted to leave his post, and state TV had reported that he had resigned and that his former deputy, Hisham Ramez, had been appointed to replace him.

El-Okdah helped steer the central bank during last year's
uprising which ousted former President Hosni Mubarak and is credited with helping keep the Egyptian currency relatively stable despite the political turmoil.

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