Cairo – Mubasher: Chief executive officers of the public and private banking sectors will continuously or separately hold the position for no more than 9 years, the Central Bank of Egypt said.
This decision aims to motivate competent calibers, to place youth in the front line, and to inject new blood into the sector.
Recently, the bank of Egypt has been endeavoring to mitigate foreign currency crisis by applying a number of serious measures, including the devaluation of pound and the removal of caps over foreign withdrawals and deposits.
