Economic researchers have warned against the repercussions of political interference in the management of the state's financial policy, noting a decline in the executive authorities' independence to make crucial economic decisions. Reports indicate political directives obligating the Central Bank to provide massive monthly funding to cover the government's operational expenses, which is viewed as a compromise of the bank's independence and a violation of its governing laws. These steps raise serious concerns about the depletion of the country's foreign reserves and the negative impact on the bank's global financial standing, rather than pursuing structural reforms to control spending, reduce waste, and combat corruption to lead the country out of its economic crises.
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Editor at Dijlah Point News, writing about Eco.