Vice governors 'threaten to quit' if no Salameh successor named ASAP

The Central Bank’s four vice governors – Wassim Mansouri, Bashir Yakzan, Salim Chahine and Alexander Mouradian – on Thursday stressed “the need to appoint a governor as soon as possible as per Article 18 of the Money and Credit Code,” warning that they would “take the appropriate measure” in the absence of that.

Central Bank sources meanwhile told LBCI television that the “measure” would be the resignation of the four vice governors.

“In the absence of a comprehensive and clear plan to restore financial and banking balance … the caretaker principle should not apply to the highest monetary authority of the state,” the vice governors said in a statement.

“As the July 31 expiry date of the term of the central bank governor approaches, we consider it our duty to stress the need to appoint a governor as soon as possible as per Article 18 of the Money and Credit Code, or else we will be obliged to take the measure that we deem appropriate to preserve the public interest,” the vice governors added.