Middle East Economic Survey
CBLs Governor To Serve Third Term
The Lebanese government on 26 May reappointed the Governor of the Central Bank of Lebanon (CBL) Riad Salamah for a third six-year term starting in July. During his 12 years in office, Mr Salamah has introduced banking reforms, including bank mergers, and pursued a monetary policy which succeeded in keeping a stable currency, despite the countrys large public debt, currently put at some $34bn. Mr...