13 August 2010
BEIRUT: Central Bank Governor Riad Salameh said Thursday the Lebanese economy was not affected by recent clashes in the south or by the debate over the Special Tribunal for Lebanon. Salameh made the remarks at a meeting with the Association of Banks in Lebanon at the Central Bank. “There were no fallouts from the recent clashes between the Lebanese Army and Israeli forces in the south or the ongoing debate over the international tribunal. This relaxation can be felt in the local market,” Salameh said. He stressed the Central Bank was still buying dollars from the local market, adding that the transfer of funds to Lebanon was still continuing at a fast pace and he expected bank deposits to grow by 10 percent this year. He said so far the balance of payments recorded a surplus of $1.4 billion and reiterated that the Central Bank would not change its monetary policy. – The Daily Star
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