Latest Riad Salameh News

FILE - In this Nov. 11, 2019 file photo, Riad Salameh the governor of Lebanon's Central Bank, listens to a journalist's question during a press conference, in Beirut, Lebanon. Salameh was touted as the guardian of Lebanon’s monetary stability as he steered the tiny country's finances through post-war recovery and various bouts of unrest for nearly three decades. Now, Lebanon’s long-serving central bank governor is being called a “thief” by some protesters, who accuse him of being part of the ruling elite whose corruption and mismanagement has driven the country to the edge of bankruptcy. (AP Photo/Hussein Malla, File)

Lebanon crisis brings mixed legacy for central bank governor

May. 28, 2020 2:14 AM EDT

BEIRUT (AP) — Touted as the guardian of Lebanon’s monetary stability, he steered the tiny country's finances for nearly three decades, through post-war recovery and bouts of unrest. Now, Lebanon’s central bank governor is being called a “thief” by some anti-government...

An anti-government protester shouts slogans, while wearing a mask to help curb the spread of the coronavirus, during ongoing protests in front of the Ministry of Economy, in downtown Beirut, in Beirut, Lebanon, Monday, May 18, 2020. (AP Photo/Hassan Ammar)

Lebanese Central Bank official charged in currency probe

May. 18, 2020 1:57 PM EDT

BEIRUT (AP) — A Lebanese prosecutor on Monday charged a senior central bank official with manipulation of the exchange rate and money laundering as part of an ongoing probe amid the country's financial turmoil. The move reflects a growing clash between the central bank and the government at a critical...

Lebanese riot police wear masks to help curb the spread of the coronavirus, as they stand guard in front the central bank building, where the anti-government protesters protest against the Lebanese central bank's governor Riad Salameh and against the deepening financial crisis, in Beirut, Lebanon, Thursday, April 23, 2020.   (AP Photo/Hussein Malla)

Lebanon central bank official detained over currency probe

May. 15, 2020 12:00 PM EDT

BEIRUT (AP) — A top Lebanese central bank official has been detained pending investigation into the country’s financial crisis, including the free fall of the Lebanese currency, a judicial official said Friday. Lebanon's financial prosecutor ordered the detention of Mazen Hamdan, the head of cash...

An anti-government protester confronts police with a stone during a protest against the deepening financial crisis, in Beirut, Lebanon, Tuesday, April 28, 2020. Hundreds of protesters set fire to two banks and hurled stones at soldiers, who responded with tear gas and batons in renewed clashes triggered by an economic crisis spiraling out of control amid a weeks-long virus lockdown. (AP Photo/Hussein Malla)

Lebanon's central bank governor defends his role amid crisis

Apr. 29, 2020 4:53 PM EDT

BEIRUT (AP) — Lebanon’s central bank governor defended himself Wednesday against scathing criticism by the government, claiming there is a “systematic campaign” meant to hold him responsible for the country’s recent financial crisis and the collapse of the national currency. ...

Anti-government protesters scuffle with Lebanese army soldiers in the town of Zouk Mosbeh, north of Beirut, Lebanon, Monday, April 27, 2020. Scattered anti-government protests broke out in several parts of Lebanon on Monday amid a crash in the local currency and a surge in food prices, leading to road closures that prevented medical teams from setting out from Beirut to conduct coronavirus tests across the country. (AP Photo/Bilal Hussein)

Riots in impoverished north Lebanon city amid currency crash

Apr. 27, 2020 5:23 PM EDT

BEIRUT (AP) — Clashes broke out between protesters and security forces in northern Lebanon Monday amid a crash in the local currency and a surge in food prices. Dozens of young men smashed the fronts of local banks and set fire to an army vehicle, as the protests turned into riots. The Red Cross said its...

Lebanese riot police stand guard in front of a bank entrance, after the anti-government protesters try to destroy banks windows during a protest against the Lebanese central bank's governor Riad Salameh and against the deepening financial crisis, at Hamra trade street, in Beirut, Lebanon, Thursday, April 23, 2020.   (AP Photo/Hussein Malla)

Lebanon PM blames currency crash on Central Bank governor

Apr. 24, 2020 2:35 PM EDT

BEIRUT (AP) — Lebanon’s prime minister said Friday he is holding the country's Central Bank governor responsible for the downward spiral of the national currency, accusing him of pursuing “opaque” policies that sent the pound crashing against the dollar. The government has agreed with...