The Governor of the Central Bank of Egypt (CBE) Tarek Amer has presented his resignation to President Abdel Fattah El-Sisi, who accepted it expressing his appreciation for Amer’s efforts in the CBE, Al-Ahram reported.

Additionally, El-Sisi has decided to appoint Amer as a presidential adviser.

It should be noted that this announcement came a day before a planned meeting for the central bank’s monetary policy committee to review the interest rate.