The Association of African Central Banks (AACB) chose the Central Bank of Egypt (CBE) to vice-chair the association for the Northern Africa sub-region for the upcoming assembly 2019-20.
This came during on Wednesday’s meeting of the AACB with Tunisia, who will chair the summit.
The association partners 40 African central banks and is responsible for implementing the African Union program of monetary cooperation.
On the sidelines of the association’s 42nd annual meetings, CBE Governor Tarek Amer handed over the presidency of the AACB to the governor of the National Bank of Rwanda John Rwangombwa.
It is noteworthy that the CBE hosted the meetings of the AACB in August 2018 for the first time since the founding of the association in 1968.