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GD to override President’s veto on a bill of amendments to NBG

by Georgia Today
June 13, 2023
in Highlights, Politics
Reading Time: 1 min read
GD to override President’s veto on a bill of amendments to NBG

The ruling Georgian Dream (GD) party Chair, Irakli Kobakhidze, pledged to override the President’s veto on a bill of amendments to the National Bank of Georgia (NBG), saying the main task is not to “allow an institutional crisis in the bank.”

“The President’s steps facilitate an institutional crisis, and we aim to prevent it. In any case, the veto must be overridden to avoid an artificially created a crisis,” Kobakhidze said.

The ruling GD party on Wednesday accused President Salome Zurabishvili of “hampering” the operation of the NBG by preventing appointments to vacant positions in the Board.

The Finance and Budget Committee of the Parliament did not support the motivated remarks of the President on the draft law “On the National Bank”.

After consideration of the President’s veto, her position and the veto used by her were shared only by the opposition MPs Roman Gotsiridze and Sandro Rakviashvili.

As Giorgi Mskhiladze, the Parliamentary Secretary of the President, said before the voting, the need to add a first vice-president and thus violate the proper balance between executive and non-executive members, is not clear.

Mskhiladze called on the MPs to refrain from overriding the veto.

Related Story: GD: Parliament will have to override veto & finally adopt amendments to the organic law on NBG

Tags: GDIrakli KobakhidzeNBGPresident Salome Zurabishvili
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