Lebanon Central Bank: Riad Salameh

Arabian Business

The list of challenges that Lebanon faces is immense. But for four of the last five years, its economy has remained resilient, despite a sectarian political system ruled by warlords, and the detritus of a fifteen-year civil war that ended in 1990.

None of this, of course, bodes well for investor confidence. Yet the service-oriented economy grew by an average of eight percent per year from 2007 to 2010. A decision, in 2004, by the country’s central bank governor, Riad Salameh, proved instrumental in shielding Lebanon from the credit crisis, attracting a deposit inflow that boosted foreign currency reserves and helped service the nation’s burgeoning public debt.

Source: Arabian Business FULL STORY