The governor of the Central Bank of Egypt, Farouk El-Okdah, denied on Sunday earlier reports that he had resigned from his post.
“I did not resign,” El-Okdah told reporters at the cabinet headquarters on Sunday after a meeting with a ministerial committee for economic policies.
Egyptian state TV had reported Monday night that he had resigned and that his former deputy, Hisham Ramez, had been appointed to replace him. There has been regular speculation in the media that he wanted to leave his post.
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.