Bank Workers Syndicates Urge Cabinet to Renew Salameh’s Mandate

The union of bank employees syndicates urged the new government on Thursday to speed up the renewal of Central Bank governor Riyad Salameh’s mandate.

The executive council of the union said in a statement that Najib Miqati’s cabinet should endorse Salameh for a fourth term after “proving his competence and wisdom in managing banking affairs.”

Salameh “preserved the monetary stability and contributed to the revival of the national economy through the policies of the Central Bank in supporting some economic sectors,” the statement said.

The executive council also said that the cabinet’s main responsibility in the economic and social fields was to restructure the general authority of the Economic and Social Council.

It hailed the role of the council’s president, Roger Nasnas, for his personal initiative in preserving the institution “despite attempts by the majority of political forces to marginalize it.”