Central Bank Governor Riad Salameh attends the Euromoney conference in Beirut, Monday, May 15, 2017. (The Daily Star/Mohammad Azakir)
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Additional sanctions against Hezbollah being drafted by the United States will not affect the Lebanese banking sector, Central Bank Governor Riad Salameh said from Washington over the weekend.However, a number of Lebanese official and business bodies have sought to lobby U.S. lawmakers to prevent sanctions having a drastic impact on the local economy.Salameh added that the U.S. wouldn't implement any mechanism that would affect the price of the Lebanese pound compared to the U.S. dollar, which could weaken the Lebanese currency and banking sector if it became unstable.In a separate interview with the Lebanese business publication Arab Economic News, the central bank governor also noted that Lebanon continues to work with relevant authorities to abide by existing sanctions on Hezbollah.
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