"I will not be the prime minister," he told Reuters. "I am staying on as the governor of the central bank, which is a very important role. I am not a politician."

Since his appointment in January, Ramez has won respect from financiers as he has negotiated on a still to be finalised loan from the International Monetary Fund.

Following the military's removal of Mursi on Wednesday, an interim government of technocrats is expected to be announced in the coming days.