Salameh said Lebanon's current economic crisis was due to ongoing political instability
Lebanon's central bank chief will not renew his term
Salameh: No one has asked me to continue [as central bank chief] but even if they do, I think this is enough.
Sunday 19/02/2023
Salameh said Lebanon's current economic crisis was due to ongoing political instability
CAIRO - Lebanon's Riad Salameh announced that he has decided to leave his post as chief of the central bank once his term ends in July.
"No one has asked me to continue [as central bank chief] but even if they do, I think this is enough," he said in a televised interview with Egypt's AlQahera News on Sunday.
Salameh also said Lebanon's current economic crisis was due to ongoing political instability and that parallel exchange rates in the country were the cause of inadequate foreign currency reserves.
Salameh added that Lebanon's foreign exchange reserves currently measured at $10 billion while gold reserves were valued at $17 billion.