Lebanon must name new bank chief before mandate expires, say vice governors ...Saudi Arabia

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Lebanon must name new bank chief before mandate expires, say vice governors
BEIRUT: The vice governors of crisis-hit Lebanon’s central bank urged authorities on Thursday to name a successor to embattled bank chief Riad Salameh, whose mandate expires at the end of July. Despite reeling from nearly four years of economic meltdown, Lebanon has been governed by a caretaker Cabinet with limited powers and without a president since 2022. Once hailed as the guardian of the country’s financial stability, Salameh has been accused of amassing a fortune during some three decades in the post.

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