Banque du liban which country

They say nothing about where the BDL has previously veered off course. But it may sometimes venture beyond that to compensate for the failings of political power. This is a dangerous game, because it may then pursue contradictory objectives, and politicians lose the incentive to implement necessary reforms. Much more problematically, under Salameh, and without governance safeguards, the BDL developed a culture of secrecy incompatible with the trust it had made its watchword and the transparency that is supposed to characterise central banks.

It stopped publishing its profit and loss account around 20 years ago, and its governor has failed to defend his monetary policy before parliament, a tradition that had continued even during the civil war. Yet there were ample warnings. In the archives, the future was already foretold. Sign in. Hero or villain? Banque du Liban governor Riad Salameh, November The longer view Lebanon at a turning point Doha Chams , October What Lebanon needs Georges Corm , October Copy this message Give this article to a friend.

Previous article « Global semiconductor shortage bites ». Next article « The Arab world says MeToo ». Salameh meanwhile has defended his record over the past three decades, claiming he is being targeted as a scapegoat for the country's financial crisis.

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