Ridha Chkoundali: New Law on Checks Will Hinder Growth (Statement)

University professor of economics, Ridha Chkoundali, explained that the new law proposes replacing checks with bank drafts as a means of immediate payment.

He cautioned, “The new law will slow down commercial exchanges. Domestic trade will be directly impacted. Considering the weak purchasing power, citizens will face obstacles in acquiring consumer loans, which will directly impact the economic growth projected at 3.2% for 2025.”

Chkoundali further stated that data from the National Institute of Statistics (INS) revealed that a significant portion of economic growth stems from private consumption. This change, he argued, could thus have far-reaching consequences for the economy.