Salameh at the conference in Beirut, Thursday, Nov. 24, 2016. (The Daily Star/Mohammad Azakir)
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Central Bank Gov. Riad Salameh Thursday projected a 1.5 to 2 percent growth in GDP and zero inflation for 2016 . Speaking at the opening of a banking conference organized by the Union of Arab Banks, the governor said one of the reasons behind the growth in the GDP is the election of President Michel Aoun and the designation of MP Saad Hariri as prime minister.Citing some examples, Salameh stressed that the average interest rate on the Lebanese pound is 7 percent compared to 10 percent on the Turkish lira and 15 percent on the Egyptian pound.Salameh emphasized that the Central Bank will continue to support the digital economy, noting that Circular 331 – aimed at startups – has already made great progress.
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