Economic researcher highlights central bank pressure amid political tensions and Saudi backing
Economic researcher Dr. Waheed Al-Fodai revealed that Saudi support following the Hadramout events was motivated by a desire to enhance the political narrative linking service disruptions to the Southern Transitional Council. These efforts temporarily improved electricity services and sent a message that the council was an obstacle to providing public services. He also pointed out that pressures were exerted on the Central Bank governor to reduce the foreign exchange rate for political reasons, but initially he refused these pressures and only allowed a limited reduction, which helped sustain currency stability and prevent the escalation of the economic crisis.
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