Legal Expert on Parliament's Exchange Rate Power

Legal researcher Ali Al-Tamimi explained that the Parliament has the authority to discuss and amend the exchange rate included in the budget law, but it does not have the direct power to cancel the Central Bank's decision. He noted that the decision to set the dollar exchange rate, issued by the Council of Ministers based on a recommendation from the Central Bank, falls under the technical jurisdiction of the bank, according to legal provisions and previous judicial rulings. He also pointed out that a deputy can oppose the exchange rate through voting and request its modification within the budget process, rather than by blocking the approval of the entire budget, which could cause delays to projects and increase economic uncertainty. He recommended discussing and amending the exchange rate within the framework of the budget or challenging it before the Federal Supreme Court if necessary.

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