Riad Salameh

Riad Salameh
Riad Salameh in 2020
Governor of Banque du Liban
In office
1 April 1993 – 31 July 2023
PresidentElias Hrawi
Emile Lahoud
Michel Suleiman
Michel Aoun
Preceded byMichel El Khoury
Succeeded byWassim Mansouri (acting)
Personal details
Born
Riad Toufic Salameh

(1950-07-17) 17 July 1950 (age 74)
Antelias, Lebanon
Children4
Alma materCollège Notre Dame de Jamhour
American University of Beirut (BA)
Signature

Riad Toufic Salameh (Arabic: رياض توفيق سلامة; born 17 July 1950) is a Lebanese economist. He previously served as governor of Lebanon's central bank, Banque du Liban, from April 1993 until July 2023.[1][2] He was appointed Governor by decree, approved by the Council of Ministers for a renewable term of six years. He was reappointed for four consecutive terms; in 1999, 2005, 2011 and 2017.[3][4] Riad Salameh left his position on 31 July 2023 upon the end of his term, and due to the Lebanese parliament’s failure in electing a new president and forming a new government capable of appointing a successor he was succeeded by his first deputy Wassim Mansouri in an acting capacity[5]

He is the longest-serving central bank governor in the world.[6] Although credited for maintaining the stability of the Lebanese pound until 2019,[7] Salameh has been accused of corruption, money laundering and running the largest Ponzi scheme in history; he was additionally labeled "the world’s worst central banker".[8][9][1][10] He is currently under sanctions by Canada, the United Kingdom and the United States.[11]

  1. ^ a b Hubbard, Ben; Alderman, Liz (17 July 2021). "As Lebanon Collapses, the Man With an Iron Grip on Its Finances Faces Questions". The New York Times. ISSN 0362-4331. Retrieved 12 August 2021.
  2. ^ "France confirms probe into governor of Lebanese central bank". euronews. 7 June 2021. Retrieved 12 August 2021.
  3. ^ "Riad Salameh mandate renewed unanimously". BusinessNews.com.lb. Retrieved 12 August 2021.
  4. ^ "Sound Policy for a Sound Polity". The Business Year. Retrieved 12 August 2021.
  5. ^ "Who is Wassim Mansouri, BDL's new acting governor?". L'Orient Today. 31 July 2023. Retrieved 1 August 2023.
  6. ^ "حكم الأسواق والإفلات من العقاب". الأخبار (in Arabic). Retrieved 25 March 2021.
  7. ^ Hubbard, Ben; Alderman, Liz (17 July 2021). "As Lebanon Collapses, the Man With an Iron Grip on Its Finances Faces Questions". The New York Times. ISSN 0362-4331. Retrieved 18 July 2021.
  8. ^ "France opens probe into personal wealth of Lebanon's central bank chief". France 24. 6 June 2021. Retrieved 12 July 2021.
  9. ^ Enders, David. "Lebanon central bank governor summoned for questioning by judge". www.aljazeera.com. Retrieved 12 July 2021.
  10. ^ "The world's worst central banker retires". The Economist. ISSN 0013-0613. Retrieved 2 August 2023.
  11. ^ "US, UK and Canada sanction Lebanon's former central bank governor".

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