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Lebanese cental bank chief Salameh says he will not seek new term

Lebanon's Central Bank Governor Riad Salameh gives an interview with AFP at his office in the capital Beirut on December 20, 2021. (Photo by JOSEPH EID / AFP)

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 House Speaker Nabih Berri.

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