NO. 3


Financial and Banking News

Financial Policy

Egyptian Central Bank Governor Replaced

Mr. Isma'il Hasan Muhammad has been appointed Governor of the Central Bank ofEgypt, replacing Dr. Salih Hamid. Mr. Muhammad was Chairman of Bank ofAlexandria, one of Egypt's state-owned banks, before his appointment. The changewas part of a wider reshuffle of ministers marking the start of PresidentMubarak's third six-year term of office. Mr. Yusri Mustafa has not beenre-appointed...