MP Maher Ketari confirmed on Tuesday, October 21, 2025, that the proposed Exchange Regulation had been deposited with the parliament’s registrar, noting that 40 MPs had signed the proposal.
During his interview on the Expresso program, Maher Ketari explained that the proposal aims to introduce fundamental reforms to the exchange rate system, thereby liberating economic initiative and encouraging local and foreign investment. This will have a positive impact on foreign currency exchange and facilitate foreign trade.
The MP explained that the proposal includes revising the concept of residency for individuals and companies, so that residency is primarily linked to economic activity, in addition to making foreign exchange legislation more compatible with international trade and new investments.
The project aims to keep pace with legal developments related to international innovations, digital assets, remote payment systems, and cryptocurrencies, thus overcoming outdated previous legislation that represented a barrier to investment flows.
Maher Ketari emphasized that the new Exchange Regulation will enable financial transactions for individuals and companies to be conducted with greater flexibility, by allowing residents to open hard currency accounts under specific conditions, in addition to payment accounts on international electronic platforms such as PayPal and Bitcoin, particularly for freelancers with hard currency income.
The MP pointed out that the need to update the Exchange Regulation is not only linked to the decades that have passed since the issuance of the current version, but also to the current system’s reliance on previous orders, such as Order No. 608 of 1977 and many Central Bank publications, which have led to overlap, duplication, and complexity.
Consequently, consolidating these texts into a single code contributes to simplifying procedures and facilitating implementation.
Maher Ketari explained that the primary objective of amending the Exchange Code is to transition from a system based on restrictions and prior authorization to a freer and flexible system, which will enhance economic initiative and improve the business climate.
The MP emphasized that the Exchange Code will represent a qualitative shift in economic affairs, as it will work to overcome legislative and banking difficulties facing investors, especially young people, and promote sound financial relations, contributing to building effective economic dynamics.
He concluded by saying that this proposal has a good chance of being approved, stressing that the Exchange Code is more important than the 2026 Finance Bill.
