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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Lebanese C.bank Chief Salameh Says He Will Not Seek New Term

Lebanon's Central Bank Governor Riad Salameh speaks during a news conference at Central Bank in Beirut, Lebanon, November 11, 2019. (Reuters)

Lebanon's veteran central bank chief Riad Salameh said he would not seek a new term in office once his latest six-year stint at the head of the Banque du Liban ends.

"My decision is that, at the end of the term, it will be a page I turned in my life and I will move to work outside the central bank," Salameh told Saudi Arabia-based Asharq News.

Salameh's term is set to end in July.

Lebanese political sources say that there is not yet consensus around a replacement to Salameh, who has held his post for three-decades and retains the support of some of Lebanon's most powerful politicians, including parliament Speaker Nabih Berri.

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