The Parliament’s currency package can serve as a guideline for the government
The spokesperson of the Parliament’s Economic Commission said, ‘Our expectation in the Parliament was that in the past 70 days, the government would have taken a more serious approach to using scientific and economic solutions for better management of the currency market, as outlined in the Parliament’s currency package. And indeed, even now, that same package can serve as a guideline.’
Among the major challenges of the currency market are the flawed policy of fixing the nominal exchange rate and the lack of a clear corridor for currency management. Unfortunately, this important recommendation was overlooked in the new policy, and the government’s spokesperson’s unawareness of this economic package is surprising.