17 May 2024,   13:34
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Supervision Service to be returned to National Bank of the top - heated debate in parliament

The decion to return to the National Bank the financial oversight role was the topic of heated debates between the ruling party and the opposition. The ruling party has once again confirmed that Giorgi Kadagidze was the reason for separating the from the National Bank in 2015..

The opposition links this hasty decision to the expected possible financial benefits from the IMF.

The opposition reminded the ruling party of repeatedly made statements which are not in accordance with their present positions.

According to the European Georgia faction, the majority overturned the President`s veto in 2015 in order to confront. the presidential institution.

Despite these statements, the opposition approved the changes to the law. MPs believe that for the country`s economic development, it is essential that the supervisory function is returned to the National Bank.

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