Salameh, Salam and Adnan Kassar, head of the general union of Arab states’s chambers of commerce.
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Speaking before a packed conference room of Arab bankers and financial analysts, Lebanon's Central Bank governor tried to reassure the audience that the Lebanese lira was stable, despite recent rumors of an unstable currency. He also emphasized the importance of financial inclusion, which would open up the banking system to people and businesses in poor and remote areas. Salameh went on to stress the importance of the financial inclusion, the theme of the conference and a topic of growing interest around the world as global income inequality increases and is being recognized as an impediment to economic growth. Lebanon has one of the world's highest levels of income inequality. Although Lebanon and the rest of the Arab world might be lagging far behind in achieving financial inclusion, there continues to be signs of strong confidence in the banking sector with high deposits, despite a number of challenges, most notably instability with the most recent bombing last week just south of Beirut that claimed 43 lives.Parliament was able to pass draft laws for banking and the financial sector.
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