A governor in a minefield

Even from just an informative perspective, and without delving into the intricacies of figures and equations, it would be worthwhile to shed an alternative light on the actions undertaken by the Central Bank (BDL) and its governor since 1993.

Obviously, politics, economics, and finance are interdependent. This postulate, or truism, was ignored by most of what was published on this topic. As a result, the actions of Riad Salameh have been judged as if he was at the helm of the Swedish Central Bank, while absurdly completely ignoring all the local and regional political and security developments since the early 1990s.

1993

The country, and BDL, hardly in a state of recovery, suffered an Israeli attack following a strike by Hezbollah. It was the first shock that toned down optimism that was prevailing since Rafic Hariri’s