Brazilian forward Neymar chooses to join Barcelona over Real Madrid    Champions League final: As it happened    SCC rejects religious slogans in election law    VIDEO: Egypt activists protest Monsanto's GM seeds    Business News: CIB ranked Egypt most efficient bank    Eighth anniversary of ‘Black Wednesday'    In Pictures: Demonstrators protest Judiciary Law    5-1 Egypt power station DNE    Argentinean striker Aguero extends Man City deal    Court supports MOI decision to investigate bearded police officers    Interior ministry rep asks for budget raise    Fighting for Iranian tourism    Thousands watch murdered anti-Mafia priest beatified in Sicily    Hamada Al-Masry released    Sudan suspends two biggest dailies for critical coverage    MIU administration issues statement addressing the students' demands    Food poisoned Zigazag Uni students released from hospital    Egypt's Railways Sign Contracts With Italy, Germany On Developing 150 Crossings    Turkey to Supply Egypt With 150 Cleaning Vehicles    Egypt to return taxes collected from Qatar bank deal    Aid groups urge EU to fulfill commitments to Palestinians    Tennis: Djokovic and cold weather threaten Nadal's Paris bid    In Ethiopia, African Union celebrates 50 years    Syria regime unleashes artillery barrage on Qusair    Art Alert: Renowned pianist Ramzi Yassa to perform with Cairo Symphony Orchestra    In Syria's Shadow, Iraq Violence Presents New Test For U.S.    Actress Amanda Bynes Denies Bong-Throwing Charges    Artist Kapoor Draws On Berlin's Dark History In New Show    Cairo Jazz Club brings bands together in El Fusion    UAE's $3bn aid for Egypt 'will take time': Dubai finance minister    Army seizes 2.5 tonnes of marijuana    UK Security Services Tried To Recruit London Killing Suspect: 'Friend'    IMF's Lagarde Escapes Formal Investigation In French Case    Barakat to decide future in 10 days    I'm a Balotelli fan – Hamdi    Green Eagles Ultras protest in Port Said, tension at security directorate    Overdue ending of power cuts    Egypt's Morsi Wants Arrest Of Sinai Kidnappers After Hostages Released    The Gazette and the 1952 revolution (299) The revolution and Israel The Czech Arms Deal (3) Earlier approaches    Haniyeh To Egypt: Reconsider Peace Deal With Israel    Egypt Court Sentences Four Men To Hang For Killing Priest    Leonardo DiCaprio Space Flight Auctioned for $1.5 Million    Ultras White Knights leader released on bail    Politics with a smile    Local Roundup: Zamalek and Ghazl El-Mahalla qualify to second round in Egyptian Cup    ‘I don't like cricket... I love it!'    Coin smugglers foiled at Cairo Airport    PROGRAMME: Four Countries – Four Movies, screening in Cairo    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.




Your friends recommend

Tunisia's parliament votes to sack central bank
Assembly fires Mustafa Kamel Nabli after impassioned debates over who has the last say on monetary policy
Published in Ahram Online on 19 - 07 - 2012

Tunisia's parliament voted on Wednesday in favour of a presidential proposal to sack central bank governor Mustafa Kamel Nabli who had fallen out with the government over policy.
Parliament's approval came after ruling coaltion parties proposed removing Nabli in May.
Tunisia, struggling to emerge from recession, has held a steady course on inflation, interest and exchange rates even in the turmoil that followed the ousting of its president, but firing Nabli suggests it may be hard to hold that line.
Tensions have emerged in the past few months between the government and the central bank over who has the last say on monetary policy, unsettling investors already jittery after last year's revolution.
The government unveiled a target for inflation and Nabli responded by saying this figure was set by the bank and that he would not accept political interference in its work.
Speaking before the vote, Nabli said: "The decision to sack me is designed to impose ... government control on the financial and banking sector."
"The impeachment contradicts the principle of central bank indepdendence," he said.
About 110 parliamentarians in the 217-member assembly voted to remove Nabli.


Clic here to read the story from its source.
Report inappropriate advertisement
Please help us to block an inappropriate advertisement by telleing what was the website it links to :





Thank you for reporting!
We will review the advertisement in order to ban it.