NNA – The Central Bank’s (BDL) first vice-governor, Wassim Mansouri, stressed, in a press conference on Monday, that the assets of the Central Bank are limited and that it should stop funding the state.
“The Central Council of the Central Bank issued a decision in 2021 that prohibits any tampering with the mandatory reserves,” Mansouri told the news conference.
“We have discovered that the political (ruling) class has no intention to make reforms,” he continued.
“Our position was unwavering and clear; the reasons that pushed the government to ask the Central Bank for money are absolutely unjustified. This draining must end,” Mansouri underlined.
“The Central Bank’s assets are limited. Therefore, we must stop funding the state,” he said.
“We are ready to be by the lawmakers’ side to provide them with figures and information,” he added, calling for legalizing the collaboration between the government, the parliament, and the Central Bank.
“I will not sign on any expenditure for financing the government if it contravenes with my principles or the relevant legal framework,” he stressed.
“Spending from the Central Bank’s mandatory reserves to finance the government should be allowed by a law and the government should pay back the loan,” he explained.
He went on saying that the sought legislation should be temporary and it should allow the payment of the public sector’s wages in US dollars at the Sayrafa platform rate.
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