Salameh assures the Lebanese ” No recession in 2013″

Central Bank Governor Riad Salameh assured the financial community on Monday that the Central Bank of Lebanon will maintain monetary stability in 2013, stressing that the country had only witnessed a slow down not a recession in 2012. “The economy is bracing for a slowdown in 2013 but we will not enter recession,” Salameh assured […]

Salameh: Lebanon should cut debt ratio this year

Lebanon’s fourth year of strong economic growth should reduce public debt to 139 percent of gross domestic product from about 147 percent, Central Bank Governor Riad Salameh said. Salameh, speaking in an interview in Beirut today, reiterated that he expects growth of about 8 percent this year. “Our main focus is going to be on […]

The Lebanese pound will be stable in 2010, banking system is safe

Riad Salameh , Central Bank Governor told OTV on Tuesday that Lebanon can take advantage of the increase in the price of gold, adding that the Lebanese currency will be stable in 2010 and that the country’s banking system is safe from any problems in the near future. Salameh said the Central Bank achieved economic […]

Salameh: The real growth in Lebanon is 7% & GDP $33 billion

Lebanon’s Central Bank governor Riad Salameh said the gross national product amounted to 33 billion dollars, stressing that Lebanon will not be affected by the Dubai financial crises . He pointed out that the real growth in Lebanon has reached 7% and inflation rate is expected to be 3% and thus, which means the overall […]