The Lebanese prime minister Najib Mikati's cabinet on Thursday renewed the term of the Central Bank of Lebanon's governor, Riad Salamé.
Salamé will begin the new six-year post on August 1, 2011. This will be his fourth term as governor.
Salamé, who turns 61 on Sunday, has been governor since 1993.
As governor, Salamé manages all aspects of the central bank and is assisted by four vice-governors and the Central Council, which sets the monetary and credit policies of the central bank, including mo