Deputy Saqari Notes Review of Check Law

Deputy Zafar Al-Saghiri discussed his stance on the check law, emphasizing that it can be reviewed and amended rather than viewed as responsible for the economic stagnation and rising unemployment in Tunisia. He clarified that the law could have been better and that some of its provisions and mechanisms require improvement, with a focus on the need to distinguish between commercial transactions and criminal acts. He pointed out that the actual implementation of the law and evaluating its outcomes are the most important, and he held the executive authorities and the Central Bank responsible for the insufficient enforcement of some of its provisions. He also considered that the check crisis reveals a larger problem: the difficulty of financing the Tunisian economy. He called for the development of banking financing tools and consumer loans to enable institutions and individuals to find solutions without resorting to imprisonment. He concluded that the law can be reviewed without being abolished, ensuring the rights of both creditors and debtors, and that responsibilities should be distributed among the relevant authorities.

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