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Reuters
The Lebanese economy is expected to grow 2 percent this year and deposits in Lebanese banks are forecast to rise by 4.5 to 5 percent, or around $8 billion, Central Bank Governor Riad Salameh said this week.
Salameh, speaking at an economic conference in Beirut, described the economic growth as acceptable, adding that the International Monetary Fund had forecast 3 percent growth for the region.
Citing “high levels” of foreign currency reserves, he added, “We can confirm the stability of the price of the (Lebanese) lira (pound) and base interest rates.”