10 Hrs
Source:
عين ليبيا
Why Are Exchange Rate Issues Unresolved
Economic expert Mokhtar Aljadid believes that the exchange rate is not merely an administrative decision that can be easily changed, but rather a result of complex economic factors related to production, spending, and demand for foreign currency. He explained that manipulating it through direct decisions from governments or central banks creates illusions, noting that international experiences such as Turkey and Egypt show that exchange rate shifts take time and are not achieved through immediate political decisions. He warned against the illusion of achieving historic exchange rate levels through direct decisions, emphasizing that the exchange rate reflects an economic balance that is difficult to alter quickly or unilaterally.
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