Before the Lebanese people could overcome the shock of the Lebanese pound dropping to 3,600 LBP per 1 USD this past week, the number soared and surpassed 4,000 within a few days.
With that, the idea of removing the Governor of the Central Bank, Riad Salameh, from his position became one of the hottest topics in Lebanon, and it seems more possible today than before… or isn’t it?
The idea of removing Salameh from his position is not new to the Lebanese scene; it’s been a prominent demand for people ever since they began to feel the effects of the dollar crisis back in 2019.
But what has changed recently is that politicians and officials are joining the opposition against Salameh.
Explained in simple terms, the concept of this get-out says: “The government hired Riad Salameh, thus, it can fire him.”
This, of course, clearly contradicts what the law dictates. If Lebanese officials are indeed working on such a plot, it means they’re very eager to end Salameh’s 26-year reign.
However, let’s not forget that other things are taking place backstage in the meantime: Not all Lebanese politicians want to see Riad Salameh dethroned.
This dispute further complicates the matter and holds off the execution of any dismissals, legal or not.
Perhaps, then, it’s more reasonable to rephrase the initial question to “Will the powerful politicians allow the Governor of the Central Bank to be removed from his position?”
Our team works tirelessly to ensure Lebanese people have a reliable alternative to the politically-backed media outlets with their heavily-funded and dangerous propaganda machines. We've been detained, faced nonstop cyber attacks, censorship, attempted kidnapping, physical intimidation, and frivolous lawsuits draining our resources. Financial support from our readers keeps us fighting on your behalf. If you are financially able, please consider supporting The961's work. Support The961. Make a contribution now.