Middle East: Amer throws the ball into Egyptian banks’ court

By:
Eric Ellis
Published on:

The Egyptian central bank’s decision to allow the pound to float freely in November caught many bankers in Cairo by surprise. But it was a long-held ambition of governor Tarek Amer, a veteran of Egyptian finance with a reputation as a straight-shooter. Now he needs to show the move heralds a cultural, positive shift for Egypt’s economy.