Riad Salameh

Salameh: Lebanese pound and Monetary conditions are stable

Central Bank Governor Riad Salameh said Thursday that monetary conditions in Lebanon were stable and that the country could expect two percent growth this year. In comments made after a meeting with President Michel Aoun, Salameh said that deposits in Lebanese banks are growing at a rate of five percent…

Salameh rejects devaluation of pound

Central Bank Governor Riad Salameh Wednesday brushed off calls for a managed devaluation of the Lebanese currency, warning that such a step would be detrimental to the national economy. “We are not considering any devaluation because we believe that it will be detrimental to confidence, detrimental to the economy and…