Tunisian MPs propose bill stripping central bank of exclusivity

Tunisian MPs propose bill stripping central bank of exclusivity
Photo by FETHI BELAID/AFP via Getty Images

Tunisia's central bank will lose its exclusive authority to set interest rates and foreign exchange policy, requiring government consultation before action, according to a bill proposed by lawmakers Friday. The bill also allows the bank to finance the treasury. This move further erodes the central bank's independence following repeated criticism from President Kais Saied, who argued the institution should not operate as a state within a state.

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