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Middle EastJune 1 2017

Are Lebanon’s Salamé days coming to an end?

Long-serving governor Riad Salamé is coming to the end of his fourth term at the helm of the Banque du Liban, Lebanon's central bank. Speculation is rife about whether he will be replaced but, as he tells Edward Russell-Walling, the decision is out of his hands.
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Lebanese bankers have plenty of things to worry about in the present climate. But right now their most immediate concern is not legislative paralysis, looming special taxes or even the Syrian crisis. It is whether the governor of their central bank will be asked to stay on in the job after his term expires in July.

The reality is that, for the past six years, not much has stood between the Lebanese economy and collapse except the Banque du Liban (BdL). And for ‘BdL’, read Riad Salamé, the man who has run it for the past 24 years. 

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