Economic expert Mohamed Al-Safi exclusively told our source regarding the closure of oil fields: “It’s truly a regretful development that further complicates the situation. The Central Bank is already struggling to counter excessive demand for dollars.”
He added: “The oil closures, which will result in a drop in revenues, will reduce the Central Bank’s capacity to meet demand. This may force a return to demand-curbing policies, such as raising taxes, adjusting exchange rates, limiting import quotas through letters of credit, or suspending allocations for specific private purposes. These measures typically impact the parallel market exchange rate and, consequently, prices.”
