Salameh said the Lebanese currency will remain pegged to the U.S. dollar.
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Lebanon's Central Bank is planning a stimulus package of at least $1 billion next year to revive an economy rattled by political unrest and the civil war in neighboring Syria, Governor Riad Salameh said.Economic growth in the most indebted Arab country will likely range between zero and 1 percent this year, the slowest pace since at least 2011, Salameh told Bloomberg Monday. Salameh is credited with keeping the currency's peg to the dollar stable for over two decades.Lebanon's markets are "normal and quiet" and the Central Bank sees no need to use its reserves to protect the currency, he said.
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