The parliamentary economic commission package can serve as a benchmark for government action.
The spokesperson of the parliamentary economic commission expected the government to have taken a more serious approach in the past 70 days to using scientific and economic solutions for better management of the foreign exchange market, as outlined in the parliamentary economic package. And of course, now that same package can serve as a benchmark for action.
One of the major challenges of the foreign exchange market is the wrong policy of fixing the nominal exchange rate and the lack of a clear corridor for exchange management. Unfortunately, this important recommendation has also been ignored in the new policy, and the government spokesperson’s ignorance of this economic package is surprising.