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Post by claud39 Sun Jan 31, 2021 6:26 pm

Sairun: Raising Or Lowering The Exchange Rate Of The Currency Is The Exclusive Authority Of The Government


January 31, 2021


Sairun: Raising Or Lowering The Exchange Rate Of The Currency Is The Exclusive Authority Of The Government Safe_image.php?d=AQEVdm8cZwqlcfIK&w=500&h=261&url=https%3A%2F%2Fwww.mustaqila.com%2Fwp-content%2Fuploads%2F%3Fi%3D%2F2020%2F11%2F%D8%AA%D8%AD%D8%A7%D9%84%D9%81-%D8%B3%D8%A7%D8%A6%D8%B1%D9%88%D9%86-e1607238338887



The Independent / - Member of Parliament for the Saeron Alliance, Riad Al-Masoudi, affirmed that "raising or lowering the currency exchange rate is the exclusive authority of the government in accordance with the law and the constitution."




[rtl]Al-Masoudi said in a press statement by the Independent: “Articles 78 and 80 are clear about the government's authority to manage the country, economic planning and financial policy, which are all exclusive to the executive authority.”[/rtl]

[rtl]He added, "The raising or lowering of the currency rate is an exclusive prerogative and part of the government's measures to reform the economy."[/rtl]

[rtl]Al-Masoudi explained: “The role of the House of Representatives is legislative, supervisory, and representative exclusively in accordance with Article 68 and its constitutional paragraphs.”[/rtl]
[rtl]He pointed out: “The parliament’s role is in relation to collecting signatures, either issuing representative orders to form committees or issuing decisions on a specific issue, which are not binding and give the representative opinion of Parliament.”[/rtl]

[rtl]It is noteworthy that the parliamentary signatures exceeded 100 signatures requesting the government to reconsider reducing the price of the local currency against foreign currencies.[/rtl]




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claud39
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