A parliamentary committee suggest recovery dinar exchange rate after a judicial decision

Admin Wed Jul 08, 2015 10:39 am

Wednesday 08-07-2015 | 2:53:17

Twilight News / suggested the economic and investment commission in Parliament on Wednesday, the recovery of the dinar exchange rate against the dollar after the judiciary to overturn the terms of the public finances of the country's budget, including the decision to cap the sale of foreign currency.

The drafters member Abdul-Salam al-Maliki said in a statement responded to Twilight News, that "set aside the Federal Court for a number of the general budget items added by the House of Representatives especially those related to determining roof sell the currency from the central bank is the right step and will contribute to the local currency support against the dollar."

He added that "the discretion of the parliamentary finance committee to add some material on the budget was a step which, according to certain estimates to stop the depletion of hard currency and to stop money laundering but were not successful step was deterring than positive."

He continued by saying that al-Maliki, "the central bank need to provide liquidity of the local currency to the Ministry of Finance to provide the salaries of employees and retirees as well as the existence of a deliberate policy to keep the market price."

He pointed out that "any actions or judgments for whatever reasons in the conduct of the central bank measures if objectively not been studied in all respects from the concerned authorities Vsaneks negatively on the economic and financial reality in the country which is what happened in the high exchange $ 100 price to more than 140 000 dinars earlier. "

Maliki said that "those materials that have been revoked by the court there were opposing them on the day of the vote on the budget, but what happened that the majority overshadowed the logical opinion was passed, therefore, the step of the Federal Court to overturn those materials are constitutional, valid and will contribute to support the currency against the dollar."

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