Farouk Abdul el-Baky el-Okdah

04 July 2011

Farouk Abdul el-Baky el-Okdah is Governor, Central Bank of Egypt

Farouk Abdul el-Baky el-Okdah

Position: Governor, Central Bank of Egypt

Biography: Farouk Abdul el-Baky el-Okdah has been governor of the Central Bank of Egypt since December 2003. He helped steer the central bank through a wave of political and economic instability in early 2011.

El-Okdah’s reputation as a careful manager of the Egyptian pound and prudent regulator helped boost his reputation ahead of this period. He started his second four-year term in December 2007. El-Okdah also serves as governor of the African Development Bank and Arab Monetary Fund and sits on the board of several commercial banks. He is also alternate governor at the Washington-headquartered IMF. 

Previously, El-Okdah was chairman and chief executive of National Bank of Egypt in 2003, managing director at the local International Company for Leasing between 1997-2002, and regional manager at The Bank of New York. He has a doctorate in applied economics from the University of Pennsylvania in the US.

Contact: (+202) 2 770 2770
Website: www.cbe.org.eg

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