President Kais Saied, on Friday, visited the headquarters of the Central Bank of Tunisia (BCT), where he met with Governor Marouane El Abassi and Deputy Governor Nadia Kamha to discuss the country's economic and financial situation, the bank's independence and its role in financing the economy. Saied stressed the need to develop the legal text regulating the activities of the Central Bank in order to fulfil its role as an independent public institution, but not independent from the State, as financial independence does not mean independence from the State. The governor emphasised the need for the central bank's departments to comply with the state's policies, pointing out that the provisions of Law 58 on the bank's independence are better than the law issued in 2016, especially Chapter 25, which mainly serves the interests of commercial banks. He considered that the previous structure of the Central Bank was not homogeneous, as it included a large number of departments, which led to the waste of public funds.
Source: Agence Tunis Afrique Presse