Parliament’s Finance Committee Approves Capital Control Law

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The Finance and Budget Parliamentary Committee on Monday approved a draft capital control law after several months of discussions.

Al-Jadeed TV said the draft will now be studied by the Administration and Justice Committee and the Joint Parliamentary Committees before being discussed in a plenary parliamentary session.

Speaking after the session, the head of the finance committee, MP Ibrahim Kanaan, said the draft will be submitted to the speakership in the “coming days.”

Kanaan also stressed that “when the law is issued, it will become more binding than any selective circular that could be issued today and annulled tomorrow.”

SourceNaharnet

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