Economic Impact of Target Exchange Rate
The article focuses on the importance of stabilizing the exchange rate of the national currency in Yemen, emphasizing that achieving this stability requires building strong institutions and a stable economic environment, rather than merely setting a target figure for the exchange rate. It also highlights that excessive reliance on external support and deposits without structural reforms can lead to adverse outcomes. Additionally, the experiences of countries such as Argentina, Egypt, and Lebanon demonstrate that financial stability depends on robust institutional economic policies. The article affirms that restoring confidence in the currency begins with rebuilding the state and institutions, not just monitoring a specific exchange rate.
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