• "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

Somebody got to Romania's President

ZZZZZ

Gold Member
Gold Chaser
Site Supporter
Joined
Dec 23, 2017
Messages
3,991
Likes
8,436
Location
Northern Arizona
#1



President Sends Back In Parliament The Law On Gold Repatriation Initiated By Liviu Dragnea
By Romania Journal Last updated Nov 20, 2019
0 671
Share

President Klaus Iohannis has sent back in Parliament the law on gold repatriation initiated by the former PSD Liviu Dragnea and by the PSD senator Serban Nicolae. The law says that Romania’s gold reserve deposited abroad should be stored in the country.

In June this year, the law was declared constitutional after the CCR judges had rejected the Opposition’s referral.

Now, the Presidency has sent the law back in Parliament for re-examination, arguing it “can affect the National Bank’s legal powers” and might prompt the increase of the financing costs.

“One of the reasons to decide and maintain the international reserves (including the gold ones) is to increase the level of trust in a country and to allow the negotiation of some lower costs for loans or other international transactions. Or, the legislative intervention subdued to re-examination should prompt the restriction of BNR’s legal powers to right to use the gold reserves, which might lead to increasing financing costs”, the Presidency pointed out.​

At the same time, the President mentioned that the gold repatriation would affect BNR’s capacity to provide and maintain the prices’ stability.

https://www.romaniajournal.ro/busin...gold-repatriation-initiated-by-liviu-dragnea/
.
.