NNA ndash; The Central Bankrsquo;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.
ldquo;The Central Council of the Central Bank issued a decision in 2021 that prohibits any tampering with the mandatory reserves,rdquo; Mansouri told the news conference.
ldquo;We have discovered that the political (ruling) class has no intention to make reforms,rdquo; he continued.
ldquo;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,rdquo; Mansouri underlined.
ldquo;The Central Bankrsquo;s assets are limited. Therefore, we must stop funding the state,rdquo; he said.
ldquo;We are ready to be by the lawmakersrsquo; side to provide them with figures and information,rdquo; he added, calling for legalizing the collaboration between the government, the parliament, and the Central Bank.
ldquo;I will not sign on any expenditure for financing the government if it contravenes with my principles or the relevant legal framework,rdquo; he stressed.
ldquo;Spending from the Central Bankrsquo;s mandatory reserves to finance the government should be allowed by a law and the government should pay back the loan,rdquo; he explained.
He went on saying that the sought legislation should be temporary and it should allow the payment of the public sectorrsquo;s wages in US dollars at the Sayrafa platform rate.
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