The House of Representatives has launched an investigation into the country’s ongoing liquidity crisis, appointing a committee to engage with the Central Bank governor and its board.
The committee will examine the causes of cash shortages, exchange rate pressures and delays in public sector salaries, and propose solutions.
Lawmakers voted last week to form the panel following growing public concern over access to cash and rising economic pressures.
House of Representatives
The House of Representatives is the lower chamber of the United States Congress, established by the Constitution in 1789. It is composed of representatives elected from congressional districts, with representation based on state population, and holds primary responsibility for initiating revenue bills.
Central Bank
The Central Bank is a nation’s primary monetary authority, responsible for managing currency, controlling interest rates, and ensuring financial stability. Historically, such institutions, like the Bank of England (founded 1694) or the U.S. Federal Reserve (established 1913), were created to consolidate banking, provide a lender of last resort, and mitigate economic crises.
