May 2, 2019 / 7:21 AM / 2 months ago

Lebanese pound is stable and will remain governor

BEIRUT, May 2 (Reuters) - The Lebanese pound is stable and will remain so, central bank governor Riad Salameh said on Thursday, according to the Lebanese presidency’s Twitter feed.

“The Lebanese lira (pound) is stable and will remain stable and the central bank will support housing loans and (loans) for the productive sectors,” Salameh said at the presidential palace in Baabda.

The Lebanese pound has been pegged against the U.S. dollar at its current level for more than two decades. (Writing by Tom Perry Editing by Gareth Jones)

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