The government appointed by the parliament expressed reservations about the Central Bank’s decision to reduce the dinar’s exchange rate, stating that it was not sufficiently studied for its impact on citizens’ living standards.
In a statement responding to what it called “the misconceptions of the bank and the Dbeibeh government,” the government asserted that changing the exchange rate is the exclusive responsibility of the bank’s board of directors. It accused the Central Bank of shirking its responsibilities to preserve foreign exchange reserves.
The statement from the parliament-appointed government also accused the Dbeibeh government of misappropriating the Central Bank’s profits as well as revenues from the dollar levy imposed last year, which exceeded 12.2 billion dinars.
It highlighted that the Dbeibeh government had allocated 12 billion dinars for development projects using what it referred to as “illusory development” slogans, totaling 33.3 billion dinars without any lawful budget or emergency legislation from the legislative authority.
The statement noted that the government had not been granted any law or legislation authorizing expenditures during its tenure, pointing out that the government had spent more than 550 billion dinars up to the year 2024.
The government’s statement also criticized the arbitrary spending on what it termed as exceptional budgets for the National Oil Corporation and the Electricity Company during 2022 and 2023, which totaled 69 billion dinars without achieving the desired results, leading to severe consequences for the national economy.
