Egypt has reappointed Hassan Abdalla’s role as the acting central bank governor, albeit without offering a full term. Abdalla, having managed multiple devaluations, might face further pound weakening. Meanwhile, Moody’s is planning to review Egypt’s non-investment grade rating, considering government reforms and signs of deteriorating external liquidity. In other news, Egypt plans to make use of a five-year, USD 500 mln financing deal provided the UAE to fund wheat imports in January.