Lebanon’s Central Bank governor (president of Banque du Liban), Riad Salameh, said that estimations record Lebanese economic growth ranges 1.5 percent to 2 percent this year, maintaining the 2015 pace.

Salameh added in a banking conference that there expectations that inflation will be near to none.

Lebanon’s economy has been strong despite the political instability that has been in the way of electing a president for more than two years, according to Salameh.

Michel Aoun, former Lebanese army chief, has been elected president of Lebanon, ending the two years vacancy.

Salameh said in September that he took precautions this year to boost Liquidity to put the economy on a road that can withstand challenges including regional conflict and a barely functioning government.

Foreign reserves are at a record high over $40 billion, the currency is stable and liquidity is sufficient.

Salameh announced in June that the central bank was in a battle to maintain monetary stability amid political divisions in the country and wider unrest in the Middle East.

Lebanon has also a massive number of 1.1 million refugees from the war in Syria.

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