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Middle EastJune 1 2016

Lebanon CBG continues to play starring role

The long-serving central bank governor of Lebanon, Riad Salamé, is a popular figure throughout the country, where he is widely seen as a steady hand amid an environment of political uncertainty. He talks to Edward Russell-Walling about his role in managing the Lebanese economy.
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Lebanon’s Middle East Airlines may be the only flag carrier in the world whose in-flight entertainment includes a film that focuses on the host city's central bank. The film – a history of Banque du Liban – concludes with a slide in bold lettering, declaring governor Riad Salamé to be the “absolute master of the Lebanese pound”. It’s a curious ending for a documentary, but not completely fanciful.

Putting the film on the playlist speaks of the pride that Lebanon takes in its central bank, a rare source of stability in turbulent times. Governor since 1993, Mr Salamé is a national figure in Lebanon, where some taxi drivers say he should be running the country. He is qualified to do so, technically speaking. The country’s complicated constitution stipulates that only a Maronite Christian may be president, and Mr Salamé is a Maronite.

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