MP Kanaan: Rights of depositors are guaranteed in the Constitution

MP Kanaan: Rights of depositors are guaranteed in the Constitution

| Thursday 30 June 2022

MP Kanaan after Finance and Budget Committee's meeting: "Rights of depositors are guaranteed in the Constitution and must be secured through a fair distribution of losses in the recovery plan, which has not yet been referred to Parliament".

"We have asked the Ministry of Finance to prepare a study within days on the issue of determining the exchange rate and the extent of its impact on citizens in order to approve the budget, which includes several exchange rates", he said.

Kanaan added: "Some amendments were made to the recovery plan, according to what we have heard from the government, and the next scenario will take into account deposits and securing people's rights".

"We affirmed the Parliament's readiness for a legislative workshop, and we focused on the importance of restoring confidence by restoring people's rights and boosting the economy", he concluded.

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