The Effectiveness is Questionable

Members of the Parliamentary Committee on Economic Policy, Budget and Finance discussed report FCF 2015 with representatives of the central bank. The presented document caused a lot of questions from legislators. We talked about the dynamics of the money supply, the volume of foreign exchange reserves, interbank relations, as the fulfillment of the obligations, the need to use only clear and transparent schemes that do not allow removal of funds from the republic.

Serious discussion was about the effectiveness and the opinion of the deputies - the ineffectiveness of foreign exchange reserves, as well as reducing bank capital as a result of the accumulation of foreign exchange losses. Parliamentarians have questions regarding perform functions by the central bank financial regulator. They tried to find out how productive PRB enforce standards for commercial banks.

As a result, members of the responsible committee decided to recommend to the plenary to approve the report of the PRB in 2015. But in an appropriate decision will reflect a number of important observations concerning the activities of the Central Bank.