File - An employee counts money at the Central Bank in Beirut, Monday, Sept. 30, 2013. (The Daily Star/Hasan Shaaban)
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Lebanon's Central Bank governing body will lack a quorum as of the end of March if the government fails to meet before then to renew the term of Governor Riad Salameh's four deputies or appoint their successors.A paralyzed government in 2008 under former Prime Minister Fouad Siniora failed to appoint vice governors after the expiration of their term, leaving the four posts vacant for a period of eight months, however, the Central Bank carried on with most of its duties normally, the source said.The governor is the legal representative of the Central Bank and is entrusted with the enforcement of the Code of Money and Credit, and the implementation of the Central Council's resolutions, according to the Central Bank website. Vice governors assist in the management of the Central Bank, carrying out functions specified by the governor on top of their duties as members of the Central Council.
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