Egyptian President Abdel Fattah El-Sisi has issued a presidential decree renewing the appointment of Hassan Abdalla as Acting Governor of the Central Bank of Egypt (CBE) for an additional one-year term, effective August 18, 2025.
The renewal reflects continued confidence in Abdalla’s leadership and his ability to steer the nation’s monetary policy through a complex global and domestic economic landscape. On the same day, President Sisi held a meeting with Abdalla to discuss the central bank’s performance, current monetary priorities, and future outlook for Egypt’s financial stability.
Banking expert Dr. Sahar El-Damaty welcomed the renewal, calling it a recognition of Abdalla’s “distinguished efforts” throughout his tenure. “He successfully navigated Egypt through a series of economic crises, leading to the monetary stability we are witnessing today,” she stated.
Since assuming his role, Abdalla has overseen the implementation of decisive policy tools to manage inflation, stabilize the currency, and coordinate closely with fiscal institutions—all while maintaining investor confidence and guiding the banking sector through turbulent global conditions.
Abdalla’s leadership continues to earn international acclaim. The prestigious The Banker magazine, a Financial Times publication, named him “Best Central Bank Governor in Africa for 2025”, recognizing his role in restoring economic stability in early March 2024. The award honors central bank governors who have demonstrated exceptional responsiveness to financial challenges.
In October 2024, Global Finance magazine also included Abdalla among the Top Central Bank Governors in the Middle East and Africa for 2024. Earlier this year, in February 2025, The Banker reaffirmed its recognition of Abdalla’s accomplishments by awarding him Best Central Bank Governor in Africa for 2025—citing his efforts in rebuilding investor confidence and stabilizing Egypt’s macroeconomic environment.
